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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 (10924)	5/29/1999 11:00:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

DIR ???? is a part of DLJ direct which went public last week and opened at $20 and the stock one week later is at $48. The spin- off remains closely-held by Donaldson Lufkin & Jenrette (NYSE: DLJ), with 84% after the offering. DLJdirect had about 590,000 accounts and processed 20,000 trades a day in Q1 1999. IPO at $20 May 25, 1999. Raised $320.0 MM, selling 16.0 MM shares, 16% of the outstanding. Lead Manager: Donaldson, Lufkin & Jenrette. DIR will start trading options on June 10, 1999. It might be a good candidate for CCing. DLJ Direct is a fairly old and established profitable company and the options should offer some protection to ride DIR up and down. We know eventually the stock will have to float on it's own weight when the market makers pull out. Any opinions or inputs on the speculation welcomed????