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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: Shell R. Poust who wrote (9922)	3/11/1999 11:31:00 AM
From: Paul Heye Jr.	Read Replies (1) \| Respond to of 14162

Oils continue to run up. I wrote oct 7.5's on GLM a few days ago. I might roll them up or just ride it out. If it continues to go up I will get called out for basically even money. I did use the premies I got to buy some more FLC. I will wait to write the calls here until the volume starts to drop off. Both are blowing the avg. volumes out the door. Both have done more than double the volume the last few days and today have already almost doubled the avg volume. Since they are NYSE stocks the volume numbers should be good. Not like the double count you sometimes get with NASDAQ. Paul

To: Shell R. Poust who wrote (9922)	3/11/1999 10:00:00 PM
From: Herm	Respond to of 14162

BLS has a 9.53% growth rate 24.4 P/E with an annual dividend of .72 cents (1.6% yield). BLS has LEAPs and plenty of open interest. I would gather own BLS by holding the LEAPs and writing calendar spreads. NYSE: (BLS : $46 1/16) (BLSw : $45 7/16) $91,352 million Market Cap at March 11, 1999 Ranks 48th in the Fortune 500 on Revenue & 20th on Profit. Employs 81,240. Trades at a 4% Discount PE Multiple of 24.4 X, vs. the 25.3 X average multiple at which the Telephone SubIndustry is priced. iqc.com