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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 (8495)	9/8/1998 8:45:00 PM
From: JimsJeeps	Read Replies (1) \| Respond to of 14162

Hi Herm and fellow bear trappers! My thanks to you all for this extraordinary thread. I have increased my batting average a great deal since following you all. My 1st trade was buying 4 XRAY July 30 puts @ 1/4 and selling them 12 days later @4 3/8's! That got my attention! Since then have bought 5 XIRC 17.5 puts @ 9/16 and sold @ 2 , and lowered my nut in CPQ by $6.00. I am still open with 10 SMOD Oct 12.5 puts @ 7/16. Hope I did not miss the boat on them. I do have a question on CAPT. After reading your usual thorough analysis and doing some research on my own, I am considering some OCT 25 puts. However there is no volume or OI. Is this a sign to stay away from this particular strike price or is it a newly creating one given CAPT recent price tumble and therefore has not been traded yet? Your comments will be greatly appreciated. Thanks again to you all. Jim

To: Herm who wrote (8495)	9/10/1998
From: Joe Waynick	Read Replies (1) \| Respond to of 14162

Hi Herm! I'm with you on CATP. I shorted 300 shares today at 26.75 and I'm looking to cover at 21 or better. I don't think I want to wait for the very bottom so I'll get out early. I've had an enormous amount of success shorting this market for over a month now. Some of my winners have been BVSN, TALK, USWB, SRCM, CTV, TLXN, MANU, ABTX, LBOR. I traded in and out of LBOR 4 times the past two weeks, buying the dips and shorting the highs, and gained over 87% profit. I'll share my next play with you when I spot one. Good luck to both of us and everyone else in CATP!