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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 (8594)	9/16/1998 8:46:00 PM
From: Shell R. Poust	Read Replies (1) \| Respond to of 14162

someone sure spent some money,50 TNSI oct 25 puts at 2 3/4 and 2 11/16 He /she must know something.Might purchase a few puts if it goes up again Thats a nice pop in BTGC Shell

To: Herm who wrote (8594)	9/16/1998 8:46:00 PM
From: JimsJeeps	Read Replies (1) \| Respond to of 14162

Hi Herm, Got on board for the TNSI submarine ride with 5 17.5 October puts late yesterday. Checked it out once today and thought we were preparing to dive! Got home after work and saw that it gained 1 1/4! It's time will come..soon I think. Had a pleasant surprise with BTGC gaining 1 1/4 also. My chart must be set up differently than yours, because it is only about midpoint between the upper and lower band, with the RSI on an upward slant. My interpretation of that is that it still has some upside left. I am a rookie at these charts, so please set me straight. Thanks again for your timely comments. Jim

To: Herm who wrote (8594)	9/16/1998 10:44:00 PM
From: Dnorman	Read Replies (3) \| Respond to of 14162

Herm: I have a couple of put situations that I would like to reduce my potential losses on. I have ENVY Oct 20 long puts @ 1 7/8 and BFT Oct 15 long puts @ 1 1/8. I would be interested in hearing what repairs would you make if you had these puts? Dennis

To: Herm who wrote (8594)	9/17/1998 1:08:00 AM
From: Joe Waynick	Read Replies (1) \| Respond to of 14162

Herm, LDG is making me crazy. I was sitting in front of my RT quote screen today around 3:30 EST (12:30 where I am), ready to pull the trigger at 37 1/8, when it suddenly sprinted to $38! I have a sneaky suspicion the MM's are going to close this one at or slightly above $40 on Friday. Then let it drop next week. I'll hold my position until Friday, sell at or above $40, and load up with another 35 cheap puts @ 3/8 or less, (for a total of 50). That'll leave me naked 15 Oct $40 calls, naked 50 Oct 30 puts, and a $1,500 profit on the stk. On another pullback to $37 I can B/E on the calls, sell the puts for 13/16 or so and collect $4,062.50 -- leaving me with a profit of $1,400 after commissions. The alternative is to just sell the calls, sell 35 puts and I'm totally out. Keep the remaining 15 puts for further downside profits since I'll be at no further risk of my capital. If the stk pauses at $38 next week, I'm dumping everything for a B/E and count my blessings. What do you think?

To: Herm who wrote (8594)	9/17/1998 1:33:00 AM
From: Joe Waynick	Read Replies (1) \| Respond to of 14162

Herm, TNSI Oct puts look mighty cheap! I see you're still bearish. I'm thinking about another 14 puts at the open tomorrow at 9/16. That'll reduce my basis to 3/4. Good move or not?

To: Herm who wrote (8594)	9/17/1998 1:46:00 AM
From: Joe Waynick	Read Replies (1) \| Respond to of 14162

CIV potential bear trap! I shorted 300 CIV today at 22 1/4. Looks like a potential bear trap on Friday. With no recent news it's hugging the upper band with an RSI of 80! Check it out: bigcharts.com Date Open High Low Close Volume 09/03/98 20.312 20.625 20.312 20.312 129,500 09/04/98 20.500 20.500 20.187 20.437 96,100 09/08/98 20.437 20.687 20.312 20.562 104,800 09/09/98 20.500 20.750 20.500 20.562 71,000 09/10/98 20.500 20.750 20.375 20.750 84,800 09/11/98 20.625 21.000 20.500 20.875 74,500 09/14/98 20.687 21.500 20.687 21.187 127,100 09/15/98 21.250 22.312 21.250 22.312 295,200 09/16/98 22.187 22.437 22.000 22.375 178,400 Conectiv, a holding company for Delmarva Power & Light Company and Atlantic Energy Inc., provides regulated electric and gas utility services in DE, MD and VA. CIV is also engaged in communications and other non-regulated activities. SHARE RELATED INFORMATION SHORT INTEREST INFORMATION Market Cap. ($) 2,107.749 Mil Current Month 2.646 MilShares Out. 100.970 Mil Previous Month 2.427 MilFloat 93.900 Mil Short Interest Ratio 23.4 Day