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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: adairm who wrote (1011)	6/11/2001 1:13:35 PM
From: Dr. Id	Read Replies (2) of 5205

Thoughts? Adairm I'm a little confused (not an unusual state...) What are you trying to repair? If you sold calls when the common was at $62 and the stock is now trading at $59, you're in the black on the trade. A repair strategy would be for when you are in the red, and want to roll forward to keep from being called away. Since your June 65's are in less danger of being called away, why not wait for expiration and do it again next month? Or buy back your June 65's and sell the July '65's (which are currently selling at about $3), thus lowering your cost another 2.50 or so). Dr.Id@whatamImissing.com

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