WR's Covered Calls Message Board

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Strategies & Market Trends : WR's Covered Calls

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To: Wayne Rumball who wrote (28)	10/29/2000 9:40:12 PM
From: Jerome	Read Replies (1) of 68

Here is how I would deal with TER or any other crashed cc stock. Acquisition price was 40. Covered call premium was 3 for the 45's for Oct. Ter will finish out this month a few points either side of 30. When Options expire this month. I will wait for an up day in this group and write a cc call at whatever strike yields at least 1 1/2 points. It could be that TER closes out at 32 and the 40's for Dec are worth 1 1/2. I have done this with other busted cc stocks. Its a way of recouping an investment that has poorly for a short time. Any better ideas out there, lets hear them. Regards, Jerome

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