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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: Caroline who wrote (8625)9/19/1998 4:28:00 PM
From: Herm  Read Replies (1) | Respond to of 14162
 
Very Good Caroline! You have the enchalada for BTGC. That is, at the money CCs (JAN 7.5 CALLs) sideshow buy OCT 7.5 PUTs. Wait for lower CC prices to cover and cash out the PUTs. The BTGC OCT earnings report is due out the last week in October. The pull back should be short lived. Although, I have not seen too many stock that don't retest their 52-week lows when they do bounce the first time. From $4.50 to $7.00 is quite a sum for profit taking.