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: Bill Kovalick who wrote (2293)	5/20/1997 2:52:00 PM
From: Herm	of 14162

Hey Bill, ROST worked pretty good. First, I purchased the calls and got my money together. I exercised my rights to purchase the stock which had a good fat margin of profit. In other words, the calls were in the money by over 4 points. Hence, the 22 1/2 calls gave me a lower net cost basis than the split price of around $24. I wrote the May 25s covered calls, purchased and sold CALLS on the side with a small profit, purchased and sold PUTS on the side with a profit. All total with appreciation it amounted to $2,300+- in 1 1/2 months. That's with 400 shares and 60% margined.

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