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Strategies & Market Trends : Canadian Options

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To: Benjamin Ng who wrote (1550)	9/19/2000 4:33:57 PM
From: checkmate	of 1598

I am surprised that a trader who plays the heating oil mkt can be confused by simple option trading. I would love to learn about comm trading. As to options I trade on with TD on line I trade Jdu and NT options only. I own the stock and write out of the money covered calls. In the last 2 yrs I have been called only a few times...I have always kept the premium at the end of the contract of bought it back and cloes the transaction. I now own JDU and sold OCT calls 180 calls at 12.00 I feel very confidant that in the next month or so they will be above 12 and will be under 12. When time and price come together to make them about 2-3$ I will buy back and close the position. In the last 2 years my cost basis for my NT and JDU shares are approx $0.0 thanks to the calls. Cheers CM

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