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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (34720)10/28/1998 6:14:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
Now that you've described a few of these income trades, can you tell us how you locate candidates for the trades? Do you do some screening of popular issues? Do you have to scan the options prices and do you have sofware to locate the candidates with the most lucrative potential?

Or do you start out with a list of candidates which you are mildly bullish and have a certain volatility? How do you make your selections?

I'd like to give this a try if I can find a better broker.



To: Knighty Tin who wrote (34720)10/28/1998 6:35:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 132070
 
"If Dell goes to zero, I still make 3% a year. "

Mike, if DELL went to 0, don't you think that those Jan '01 puts would be worth around $50?

Barb



To: Knighty Tin who wrote (34720)10/28/1998 8:02:00 PM
From: yard_man  Read Replies (2) | Respond to of 132070
 
>>Today, I sold Dell for $54.125, <<

So why didn't you sell it to me? I didn't know such bargaining went on. <VBG>



To: Knighty Tin who wrote (34720)10/28/1998 8:21:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
One more question/criticism. A 1 1/2 point gain isn't bad for such a low risk position I guess -- but if you leg into a position like this aren't you negating the very reason you went to all the trouble in the first place to get a low risk position (I say low, because I don't buy no -- it makes certain assumptions about the risk-free rate, no?)?