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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 (8925)	11/3/1998 12:50:00 PM
From: the options strategist	Respond to of 14162

Hey Herm, I attended the free seminar that you have mentioned here sponsored by the CBOE (?). The presenter was a former market maker but he was not as informative as what I have heard they can be. Anyway, what is the advantage of buying a 2001 leap vs. 2000 leap? What do you think about IOM, EGGS, TOY? Do you think FORE is too far gone for getting a spread for cc. I sold mine for a profit :) Thanks.

To: Herm who wrote (8925)	11/4/1998 7:50:00 PM
From: Bill/WA	Read Replies (1) \| Respond to of 14162

Herm.......HELP!!!! Did something stupid & now I need to work my way out. I've been holding Innovex (INVX) 300 shrs. for years - cost basis approx. $22. When it was down in the $9's I sold 3CCNov strike @ 7.5 for 2 7/8. Now, of course, its going through the roof! The Nov 7.5's are at 6 or 7. To recoup, I was considering closing out the Nov 7.5 position and selling 3-May15 CC (IVQEC)@ 4 1/2 and take the loss of the difference. INVX is a well run company with a pretty good cash position, my opinion (right or wrong) is that it 'could' return to the 20's however I am one of those that believes after Xmas, the market is going to go into the tank a bit. In any event, I would appreciate your opinion on my plan for INVX. Thanks in advance, Bill/WA ps- flying into West Palm on the 10th, is it still hot there??