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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 (8699)	9/27/1998 2:31:00 AM
From: Johndee	Read Replies (1) \| Respond to of 14162

Herm, Regarding TECD and TNSI, I was under the impression that we would buy the cheap puts, which means way out-of-the money and close in to expiration. So that's what I did. I lost big time last month on a few companies, and it looks like I'm going to lose on TECD & TNSI this month. Both are Oct o-t-m. I think I'll buy a-t-m from now on in most cases. If it starts to move in the opposite direction, hedge with the opposite option, or stop it out. I prefer the hedging. I'm talking about not owning the stock, so there is no CCs involved. My CCs and the rest of W.I.N.S. are okay and holding their own. Any comments on the A-T-M puts and calls? You seem to think SCRM will ride the lower band down further. Is that right? I'll check the chart now. Thank you, Johndee

To: Herm who wrote (8699)	9/27/1998 10:50:00 AM
From: Herm	Respond to of 14162

SRCM Follow Up! I found this tidbit on SRCM. I like the price range of SRCM and will place it on my watch list. The fact that this person received a notice to cover his SRCM position confirms a SRCM short squeeze exist. So, SRCM will eventually run out of steam and peter out. The results I think you know. TIMBER! Law suits and no earnings don't exactly attract long buyers. The MMs will be hammering this stock downward and the scalpers will jerk it up and down. Good bear trap meat!