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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Mike Buckley who wrote (2281)8/29/2001 2:16:05 PM
From: JohnM   of 5205
 
An update on my cc writing now that my summer activities are coming to an end and I'm beginning to settle down.

1. On Friday, the 24th, I wrote Qcom Oct 70s at $3.60 and bought them back today, the 29th, at $2.40.

2. Also, on Friday, I wrote Gmst Oct 40s at 1.75 and bought them back today at $.90.

In each case I'm writing calls on approximately half our shares. That's the limits of my courage.

Difficult decisions ahead. Should we use the money to reinvest or treat ourselves? (g)

Thanks to thread members, once again,

John
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