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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: Herm who wrote (9960)	3/17/1999 5:55:00 PM
From: VincentTH	Read Replies (1) \| Respond to of 14162

Herm, What do you say about IMCL. They are now in phase 3 testing of the cancer drug, and the stock has just broken out. My opening gambit was for me to sell Aug 15 naked puts for $3 3/8 and use the proceed to buy Aug 10 Call for $4 5/8 for a cash layout of $1 1/4 per 100 shares. I will start selling CC (looking at May 15 for $2) once volume starts dropping. That would recover my cash layout for the stock. Thanks In Advance, //Vincent

To: Herm who wrote (9960)	3/17/1999 5:56:00 PM
From: Victoria Walley	Read Replies (1) \| Respond to of 14162

Thanks, Herm, for your analysis on APCO! I was called out the last time I did a round of CCs and don't presently have a position, but I've been looking for an opportunity to get back in to this stock. It seems to me that once it breaks below $10, there is big block selling and a major rush to get out the door. That's where I get in. Options premium for selling calls is decent. I usually sell o-o-m calls but am studying your strategy of selling deep i-t-m calls and later buying them back. I know you've explained this before, but how do you chop off those links for IQC charts yet still keep the link active? Am watching RN as it drops for an opportunity to buy back my June 30s. Vicki