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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: simplygold who wrote (10290)	4/10/1999 1:15:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 14162

I agree, especially if you go well out in time. The only problem for me is capital!! My broker requires me to keep a large chunk of cash 'just in case' I'm called out and ATHM, EBAY, et al are very pricey stocks!! But I've had some success just writing CSCO, DELL, MSFT otm leap puts each January and then buying them back for nothing a few months later. I use the proceeds from the puts to buy leaps in the same stocks.

To: simplygold who wrote (10290)	4/11/1999 1:36:00 PM
From: Sundar Rajan	Respond to of 14162

I haven't tried selling puts on internets yet but selling puts on CSCO,MSFT,INTC works out well. By the way I sold April 120 puts on INTC last week. Should I close tomorrow or is there good chance of INTC closing above 120 even after the CPQ debacle. Main thing to remember is sell only the same num of puts as you would like to own shares. Couple of years I made the mistake of selling TXN puts and cost me a bundle because I didn't want to buy that many shares after it had dropped 20 points below strike!.