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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: alanrs who wrote (1632)7/26/2001 10:34:45 PM
From: Dr. Id  Read Replies (2) of 5205
 
I've been buying and selling the CREE Dec 25's, 30's, and 35's. Something called a "ratio call spread" that Dan Duchardt showed me. However,
since I have CREE in multiple accounts it's gotten a little confusing. The main play is to buy the 25's and sell the 30's and 35's. In two other
accounts I've also been selling the Dec 25's and buying them back and selling them again. Knocking on all the wood I can find, I've made a hell
of a lot of money the past 4 days doing this. I've gotten very lucky with my limit orders both ways, and then it rained yesterday and I was home
just in time to buy everything back about 1/2 hour before the market turned.
Right now I have 4 CREE dec 25's and sold 4 CREE Dec 30's.

Thanks, alanrs,

You just gave me a headache! I'm going to call your complicated example the Excedrine Strategy!

I'm sure it's a good one, I just don't like to think that much.

Dr.Id@asisobviousbymyposts.com
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