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Re: extelecom post# 106825

Monday, 05/12/2003 2:26:50 PM

Monday, May 12, 2003 2:26:50 PM

Post# of 704047
I was in at 5.60 - suffered through the 3.50's

Got called out at 5.00 on 1/2 of position, from covered calls.

short May 7.50 calls (covered), long Jun 7.50 puts.

If we fill the gap at 7.00 then my 1/2 position will be FREE and I will probably keep it in my core. If it stays volatile then it is a perfect stock to sell calls.

If we don't, I am called out at a profit of 1.90 plus call premium received. Puts will hurt, but have another month for pullback.

caddman

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