The Covered Calls for Dummies Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Covered Calls for Dummies Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FaultLine who started this subject	9/30/2001 9:10:00 PM
From: JohnM	Read Replies (1) of 5205

I'm considering writing October calls tomorrow, Monday: 1. QCOM Oct 50s with premiums of $2.20(closed Friday at 47.54); 2. GMST Oct 22.50s at $.75 (closed Friday at 19.71); 3. SEBL Oct 15s with premiums of $.70 (closed Friday at 13.01). All premium prices come from the CBOE website as of Sunday night. The bits of reasoning which bring me to this point are: 1. I'm not willing to write as far out as Nov contracts. Basically, the world is full of too much uncertainty right now to write that far out, and I think each of these companies reports between now and then. 2. I expect the October period also to be uncertain, though I don't think I need to worry about any quarterly reports before expiration. I would not be surprised by fairly strong volatility for the next month or so caused mostly by political and military sources. Finally, I plan to trade the options, buy them back on the downside with the hope of winding up ahead by about half of these premiums. Any dummy or non-dummy who wishes to offer advice to this dummy, please do. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next