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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 (8566)9/14/1998 9:47:00 PM
From: Andrew Williams  Read Replies (1) | Respond to of 14162
 
OK a couple of weeks ago I asked about ITWO. When it was at 25 you suggested that it was going to drop to 14. You were right. Since I own the stock and like the company I sold calls and bought puts and have treaded water from 25 to 14. Much better than taking a bath.

Now that we are at 14 and change I am looking at it as a straight CC candidate. The premies appear to be very good. How would you read this chart today? Does there appear to be a large downside anymore?




To: Herm who wrote (8566)9/15/1998 4:32:00 AM
From: Johndee  Read Replies (1) | Respond to of 14162
 
Herm, That was me paying $1.00 for 2 TNSI Oct 17 1/2s. (going light for now)I had a limit to try for 3/4, but when I saw the gap, exactly like you said would happen, I decided to go for the 1.00. Now I'm glad to see your still bearish on TNSI. Also bought 4 TECD oct 35s @3/8 and 2 LHSG @ 1 7/8. Wrote 3 CCs on that THRT that we discussed before for $2.00 7 1/2s. Thanks again.

Johndee