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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 (10010)	3/21/1999 2:43:00 PM
From: NateC	Read Replies (2) \| Respond to of 14162

Herm et al. I'm looking at something a little like the CS Leaps-CC that Herm posted. what do you think of Informix (IFMX)......closed at 7 15/16 on Friday. I'd buy 10 contracts of the January 2001 10 LEAPS @3.5 debit $3,500 and...(I know it'd be best to wait) we could CC at Friday's close numbers.....selling the August 10 CC for 1 3/16 (1.19) for a credit of $1,190. So we're into the position...for 3500-1190=$1710. Herm is this at all like your CS Leap-CC?...I know numbers aren't as good...and we'd collect more CC premie by waiting a bit on the stock...it's a bit in a short term downtrend....usually trades between 5 and 10....although was up to 12 recently. Haven't looked yet at earnings, etc If you wanted to do an aggressive side show...you could sell the August 7.5 puts for 15/16 - $1.00