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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (8473)	9/4/1998 10:46:00 AM
From: Daniel Liberty	Read Replies (1) \| Respond to of 14162

Herm, I'm following CPQ closely since I have sold the Jan 30 puts as well as the Jan 35 calls. Right now the put is slightly in the money. Which puts would you be looking to buy at the current prices. I notice that the Jan. 25 put is trading at about 1 3/4. I'm thinking this might be protection for the Jan 30 I sold. Appreciate your opinion or anyone else that has an opinion on CPQ. Thanks, Dan

To: Herm who wrote (8473)	9/4/1998 11:01:00 AM
From: Dnorman	Read Replies (1) \| Respond to of 14162

Herm: While I am writing this I am watching my potential put candidate FP vaporize. I was looking at buying the Oct 22.5 or the Oct 20 Puts at the open. I decided not to because they appeared to pricey at $5.50 which was $2 higher than the Oct 25 calls. I seriously considered writing the naked calls for the $3.50 premium. The stock is off $3 1/16 so far 1 hour into the day! If I have a stock that shows all the bad signs in a bear market can you give me any sideshow strategies if I were to write the naked calls? Thanks Dennis

To: Herm who wrote (8473)	9/4/1998 12:32:00 PM
From: Sundar Rajan	Read Replies (2) \| Respond to of 14162

I have subscribed to Bernie Scaffer's services (analyst referred above) and some of them have been outright disasters and the best has been a break even. Here are some total disasters from his options advisor: 1. Jan 99 calls on Winstar 2. Jan 99 calls on AT&T 3. G calls 4. CPQ 40 puts - I think July So I wouldn't go by what he says based on open call interest and put interest.

To: Herm who wrote (8473)	9/4/1998 3:08:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

Just thought I would revisit an post a couple of my recent picks. I have no position in the first one anymore. Pixr. trending downward but off of the lower band but at the top of the downtrending band. The puts for covered positions are of decent return. Now for one I do have a position. Lhsg. also downward trending and just hit the top of the band of trendlines. I own some puts as when i tried to short, there were no shares available. There is still lots of fat on cof. Herm covered that one a few days ago. Lhspf. same story here. riding the top of the downward trendline. Stock seems strong but just can't seem to break above the trendline. Trendline looks to be at 42 and at that price should be a good short with a cover price in 38 range. I will do some more work this weekend and will post my analysis. Believe it or not, dell is looking good to me on the short side. good luck

To: Herm who wrote (8473)	9/4/1998 5:28:00 PM
From: Joe Montgomery	Read Replies (1) \| Respond to of 14162

Herm, I've been following this thread since there were only about 1000 messages. I really appreciate your insight. I currently long 2000 CPQ which after writing call previously I have about $17 in. A couple of weeks ago I sold 20 Oct 30 calls for $7 and bought 20 Oct 32.5 Puts for 1 1/8. What do you think the proper exit point might be. Right now I have a GTC of 1 1/2 to close the calls and 5 1/2 to sell the puts. This is in a pension plan and my broker (risk department) won't allow me to buy calls. Thanks Joe