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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (267)	4/25/2001 9:04:47 PM
From: TsioKawe	Read Replies (2) of 5205

Thanks Uncle Frank and william...I Just as soon loose the shares anyway...ARBA closed at $6.90 and they are still in the account... As you can see this was my first CC exercise, maybe should have paper traded them for starters... anyway, I guess either way...If the shares get taken, Im still up in the end.. Would it be beneficial to purchase another 1000 arba at a lower price, and write 10 may 7 1/2 CCs??? or would this be considered a mad move amongst the options traders?? Curious on this approach.. Thanks for the Information... Learning the harder way!!!!! Tsio

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