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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (50355)	3/7/1999 2:26:00 PM
From: re3	Read Replies (1) \| Respond to of 132070

Hi, may I offer an opinion here... Writing shorter calls may yield more, but with a long one you have a sure thing, and you don't incur the gain on sale till 2001...Further, there is the commish and nuisance factor involved... Also, if the stock dips, you can buy back your calls and wait for a rise and resell the calls again... Both strategies are good I think... Howard

To: wlheatmoon who wrote (50355)	3/7/1999 2:43:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

MKC - (...My take on gold would be to buy and write shorter term calls...) MB's post caused me to look at NEM and ABX and to do a buy-write on ABX at 17 7/8 with March 17 1/2 calls at 15/16 and also sell March 17 1/2 puts at 7/16. ROI of about 2.5% for 12 trading days (or 5% if you don't count the cash securing the puts) for a March 19 close at 17 1/2 or above. The problem with the shorter term buy-writes is that there is no guarantee of good re-writing conditions. OTOH, I only count income on a monthly basis, as even that exceeds my food input cycle.-g- Regards, Don