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To: HG who wrote (47123)3/24/1999 8:15:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Lu & CSCO has not MOVED for almost 3 months. I sold both of them off in Dec for tax
reasons. Then I bought calls for CSCO and sold puts on LU in Jan. Except for the decline
in their time value, the price is exactly the same ! I'd say that is equivalent of a big fall -
loss of opportunity....


HG,

Covered calls would have worked.