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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: virgil vancleave who wrote (13275)8/30/1998 12:50:00 AM
From: Dnorman  Respond to of 18691
 
Virgil: No Amazon stock to sell short and puts are to steep. What are your thoughts on the risk of writing naked Oct 110 calls for around 11 1/2 premium? Gives upside protection of around $17.00 in a down market!

Dennis



To: virgil vancleave who wrote (13275)8/31/1998 2:38:00 AM
From: Marconi  Read Replies (1) | Respond to of 18691
 
Hello Mr. VanCleave:
Thank you for the explanation. Even spelled out in black and white by you and using my best crayon to color the chart carefully (I think I drew a 'Nessie'), the head and shoulders remain obscure to me. I think I just qualified myself as totally TA inept.... I am glad others see these things -- gives me food for thought I would otherwise miss.
Best regards,
m