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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: FR1 who wrote (9303)	12/28/1998 8:00:00 AM
From: virgil vancleave	Respond to of 14162

Better yet, if the call premiums are high take the premiums and buy some "protective" puts and then as the stock falls you can buy back the calls and sell another while never losing any stock value (since you are guaranteed a price). Sorry that I haven't had any time to research yet. Only been home for two days and had to take my wife to the hospitable. Luckily, it is not serious and I will have time to catch up this week. I only work one day this week and for 4 hours at that. The rest of my time will be devoted to my favorite activity..... how can I make myself and all those that are ionterested some mooolah. more later and good luck all.

To: FR1 who wrote (9303)	12/28/1998 11:11:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Hey Franz! How about this! It is always wise to take money off the table. At least, half of the positions which should more than cover your net cost (nut) basis and some profit. Also, it would take care of the margin house calls. The remaining internet stocks in your portfolio could then generate and provide some heavy CC premies to buy protective puts like Vigil suggested. In summary, your CCs dollars are buying your downside insurance (hedge) which could in all likelyhood turn into a positive gain if the internet stock price plung is fast, deep, and sustained.