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Zeev Hed

07/02/04 2:34 PM

#265113 RE: qwave #265107

It is a relatively new strategy for "fixed income folio", Jim brought the TLT to my attention in late April, I was forced to double up on the May expiry of the puts, but sold those a week later at a profit. The May calls expired worthless. My strategy involves not just the mechanical writing of the covered calls and the naked puts and have not tested it long enough to see how it works... and while typing this, took another $.50 from NVEC here at $43.20. Just two pence short of the double bucker...