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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Andrew N. Cothran who wrote (2939)11/7/2001 10:28:14 AM
From: JohnM   of 5205
 
2. Lots of overly enthusiastic shorts who expected to make a quick kill this morning are getting killed.

If you're right, Andrew, then it's an unusually opportune time to sell ccs. Let me see, fumbling around hunting for shares, they're around here somewhere. Whoops, just remembered, we lost a third of our shares in October. Wrote ccs at 45, when the price was 41, got called out and been waiting to buy them back. Now I have to decide whether to write on another third or wait.

Decisions!!

John
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