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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (4792)1/28/1999 1:21:00 AM
From: John Pitera  Read Replies (3) | Respond to of 99985
 
David J, not to be to pedantic but when Msft is 50% above it 200 day MA and the PE is at these levels you have been able to sell a
3 month at the money call and keep the entire call premium.

You can sell an 8% in the money, 3 month call and have been able to watch the premium evaporate to zero at expiration.

This does not mandate that BK ensues, just that MSFT, should correct
in price/time and probably both.

Best Regards,

John