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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (11034)	12/25/1998 1:23:00 PM
From: HoodBuilder	Read Replies (2) \| Respond to of 44573

I just had OJ on the phone and read to him your post of the TT/OJ Bet. I guess OJ has the bragging rights huh? With all of the splits he's gonna get a headache calculating the portfolio value. If only he had REALLY purchased those positions as opposed to betting tastykakes. To bring you up to date on our brainstorm of this morning here goes... OJ's buying 1000 shares of CMGI on Monday and looks for $150 into the split in Jan and $20/share more ($75+20) post split into opex. I OTOH am buying 2000 shares of AOL. My plan is to write 10 ATM calls each month and generate enough money in 12 months to own the other 1000 shares for nothing. If the stock gets called away during any month I will buy back in the following Monday after OPex and re-write for that month. If this isn't a recipe for $250,000 during 1999 I don't know what is. Now if I can only convice Jerry that for REAL short term volitile trading it's better to own stock than options I will have accomplished my mission. Merry Christmas and Happy New Year.