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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: Dnorman who wrote (8598)	9/17/1998 8:13:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Do you own the stocks and what are your net cost basis?

To: Dnorman who wrote (8598)	9/17/1998 4:57:00 PM
From: Herm	Respond to of 14162

Dennis, ENVY ENVY technically bounced off the low $17.25 at the beginning of sept. and moved up to the current $29+ level. At this point, ENVY has tagged the upper BB and the RSI has been so-so at 55+. ENVY should cycle downward from here. In fact, after many up days it did drop -1 7/16s today. It looks like a move towards the $22 range is possible by next week. That should be about right to recover some of the lost value for your long OCT. 20 PUT originally @ 1 7/8s. Currently, it is at 3/8s. You may be lucky to get 7/8s if it does drop. BFT Bally is an interesting! A fairly good growth rate of 21.67% but not worth a premium 39 P/E vs. an industry 18.6 P/E. BGT is moving up in price steps against the upper BB and the RSI is hardly breaking a sweat at 55. So, it may continue to move up in the zig-zag fashion. In the mean time, that long PUT @ 1 1/8 is now worth 7/16s. You may want to bite the bullet on that one! NYSE: (BFT : $19 1/8) $393 million Market Cap at September 17, 1998 Trades at a Premium PE Multiple of 39.0 X, vs. the 18.6 X average multiple at which the Sports SubIndustry is priced.