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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	4/18/2001 11:32:45 PM
From: FaultLine	Read Replies (6) of 5205

There's a lot happening this week: - options expiry on Friday - people writing new May cc positions - the Fed lowering the rate by 1/2% today - important tech companies exceeding earnings expectations but probably the most interesting issue is how to unwind the many in-the-money cc's out there in the aftermath of the big, record volume, run-up today. I have two short positions that are deep in the money: SEBL APR 25 sold at 4.80 and now 9.30 QCOM APR 50 sold at 2.90 and now at 8.80 I have missed out on a goodly fraction of the run-up today because of these cc's but that is the bane of cc's isn't it? Any suggestions for defensive actions? --cf

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