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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 (10481)	4/21/1999 11:10:00 PM
From: dr. z	Read Replies (2) \| Respond to of 14162

nice post, where do u find the block and nonblock information and what is turnover rate? thanks

To: Herm who wrote (10481)	4/22/1999 12:32:00 AM
From: VincentTH	Read Replies (1) \| Respond to of 14162

Herm, I just established a position in GENZ. I would like to know what you think about the company. The recent sell-off is due to insider selling some $15MM worth of stocks, but I don't think there is anything fundamentally wrong with the company. Company reports on 4/22 according to Briefing.com Thanks In Advance, //V

To: Herm who wrote (10481)	4/22/1999 12:41:00 AM
From: Hectorite	Read Replies (1) \| Respond to of 14162

Herm said, referring to Intel: "You need to cover that current CC of the 75s May @ 1/16! That is a waste of time remaining for you. Free yourself up and CCing an INTC LEAP 65JAN00 @ $7+ would be sweet deal. Upside CC B.E. at $65+7=$72 before you would have to act with an sideshow long CALL or cover at a loss." I've been thinking that in case like this (and I have similar situation right now short SUNW may75's) that one ought to be able to sell the lower strike (the 65 in your case) and just let the way-OTM call ride naked for the few weeks until expiration. Like you say, if the stock does start moving up you could still cover with plenty of time and not get hurt (much!). The volume on the intel 65's today was zero, which probably means you can't move them for 1/16, at least in a timely manner anyway. You might have to bump your bid to 1/8 or 3/16. Yes, that's still small spuds but I believe that if you "take care of the pennies and the dollars take care of themselves." I know there is the practical problem of getting your broker to let you expose yourself (Puritanical thinking, don't you think?), but why pay the broker to cover a position that is going to expire worthless? H.