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To: Jan Crawley who wrote (42754)2/26/1999 11:54:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Well, you sold covered calls on Intc when Intc was in the high $130s, that's wonderful.
This is your second covered calls, the Feb's expired profitably; right?
I wrote 3 Mar140 covered calls too last week, but also wrote 3 Apr125 puts yesterday,
got $6+premium, the premium is over $9 now, tempting??


Jan,

You are correct; this is the second set of covered calls and I wrote then when INTC was about 133 this last time. I really can't complain.

I can't write naked puts at DLJ either. I am use to writing nake calls and puts, etc. Now that I closed my PNC account, I need to find another broker. My opinion is that my equity amount is not sufficient to warrant two accounts at present. I believe I will continue on this cautious road until it is which I expect to be soon:-)

Glenn