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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 (8634)	9/19/1998 7:47:00 PM
From: Caroline	Respond to of 14162

Stock Shares PPS Outlay BTGC 300 7 1/4 2175 Call (CC) Bid Intake QTGAU Jan99 7.5 1 1/16 318 3/4 Put Ask Outlay QTGVA Oct98 5 1/4 75 AllCommis UpFront Cost 69 2000 1/4 Herm, thank you! I need to see things in this kind of detail before I really follow a play. I'm pretty sure this is a "collar." I'd need to look it up. Caroline

To: Herm who wrote (8634)	9/19/1998 9:13:00 PM
From: Dnorman	Read Replies (1) \| Respond to of 14162

Herm is the lack of open interest on the Oct 5 puts a problem? Dennis

To: Herm who wrote (8634)	9/20/1998 9:23:00 AM
From: Dnorman	Read Replies (1) \| Respond to of 14162

Herm: I put on paper for those of us who don't own BTGC, 3 ways to enter the stock. I came up with the following alternatives based on a $5 price. 1. Buy 1000 @7.25 = $7250.00 sell 10 Oct 7.5 calls @ 7/16 = $450.00 makes nut $6.70 even with selling ss put premies my nut would be $6.45 with the stock wort $5.00! 2. Sell 10 Oct naked puts @ 7/8 = $875.00 if I get put at $7.50 my Nut is $6.625 stock is still worth $5.00. 3. Exercise patience and let the stock go down to lower BB and buy it then, Nut = $5.00 or less. Dennis