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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JohnM who wrote (1456)	7/12/2001 2:40:46 PM
From: rocklobster	of 5205

Here's an interesting call option.. STOR july 10 bidding 1.05 asking 1.10 STOR stock bidding 10.02x10.05 so somebodies willing to pay a ten percent premium for an at the money strike on a call that will expire in a week and a day.. for disclosures sake I will say that I went long STOR at 12 a few days ago and sold it just now at 10 I'm now aggressively short as I can't believe how it is crumbling with the market going up. I'm very disappointed as I had a chance to dump it this morning premarket at a breakeven trade and wasnt up early enough to catch it.. it was actually bidding 12.25 on island right after 8 but by the time I saw it someone hit the bid and it dropped to 11.5 so I figured I would hold on.. rok

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