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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: TShirtPrinter who wrote (2870)10/31/2001 5:18:13 PM
From: Andrew N. Cothran   of 5205
 
Tony:

I covered my December 55's today at 3.30. Sold them yesterday at 4.50. I am looking to sell them again on a pop at the 4.50 or 5.00 level.

I think the Decembers are a safer bet than the Novembers right now. No way of knowing what influence the earnings report next week will bring. The Decembers will give one a little longer than the Novembers to work out the play whichever way the ball bounces. And the Decembers are a little better bargain dollarwise than the Novembers.
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