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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: FaultLine who wrote (1836)8/8/2001 4:18:58 PM
From: BDR  Read Replies (1) of 5205
 
Covered a few things, too, including SEBL.

Sold SEBL Aug 35 Call 7/23 for 2.80
Bought back today for .50, net 2.30

Took that one step further and sold Nov 30 Puts for 4.90 and 4.80 near the close. If SEBL recovers in the next week or so I will look to sell the Sep or later 35 Calls and will look a little further down the road for a chance to buy back the Puts.

Sold CIEN Aug 30 Call 7/19 for 6.00
Bought back today for 3.40, net 2.60

Not as good a trade in retrospect because the Calls reached 2.70 by the close. Here I will look to sell either the Sep 30 or later on any recovery.
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