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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (2228)8/25/2001 2:35:16 PM
From: PoetTrader   of 5205
 
Dear John and Uncle Frank...

After our nice rise yesterday I sold sept27 1/2 calls for .75 Not a great premium...While I'm pretty darn sure it won't hit that price by expiration, I was too chicken to go for the 25's. John, you're correct when you have to justify a position. It educates you. I don't know why but selling October on sebl scared me. Yes, nicer premium, but on this particular stock I feel better selling on a shorter term basis. But I sold october calls on Amat, aol, emc, and intc. Just felt I had a better way to play them with time. Some of it's science and some of its feel. Good luck to all, PoetTrader
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