How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Dan Duchardt who wrote (13393)	11/3/2000 10:45:39 AM
From: jebj	of 14162

Tks, Dan - Picked up the CSCO Jan0345C for 19.5 so in good shape on them. But since most agree the market is at or close to a bottom and CSCO can move several pts a day I don't want to sell some calls and then have to buy them back rather than let them get called out. With CSCO around 55 right now, the low prims on the Nov 60's and 65's don't seem to be worth the risk - CSCO can certainly move 10pts over the next few weeks. Same for the Dec. - with a market move it can certainly move 10pts by then. May take the small prim on the Nov 65's and ride it up for a while before going out much futher. Could pickup maybe a pt a month - 12 pts/year -all the while my Jan03's increasing as well - not too bad, all in all. Also, picked up 10 of the RMBS Nov70's this morning on a shortterm play on RMBS upgrade. Should have been QCOM, it seems. :) Again, tks.

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