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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: thebeach who wrote (8673)12/21/1998 9:00:00 PM
From: Rob C.  Read Replies (1) | Respond to of 18016
 
Beach,

I will only sell the next strike price.

Last month, I sold the Dec 30's for 1 1/8. I only sell calls when the chart looks like I should. Right now, if NN breaks $30.00 on volume, the stock could be $50.00 by March. The $9,000 is not a good risk reward scenario.

I may sell 20 January 30's and buy 20 March 35's with the money.

Boy do I love trading.

Regards,

Rob