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Strategies & Market Trends : Covered Calls

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To: Bazmataz who wrote (2)	5/3/1998 4:49:00 PM
From: tchphysics	of 86

At this point, the Oct 27.5's should be very good. I was eying July 25's for awhile but went with the June 25's because they offered a greater annualized return. I annualize the returns that I am looking at in order to accurately compare different expirations. In most cases the best returns are the near expiration calls. The current month (in this case May) tends to have too small of a premium to make it worth it, however. I still think GLM is a great stock to own and sell calls on. If I'm lucky, I'll get to keep my current shares, but it would not be a bit surprising to me to see this stock shoot up to 30 in the near term either. There are two ways to look at this. I could be upset about opportunity lost, but I think it is best to be happy that I got a nice decent return in a very short time. If this stock gets called out on me, I'll have made a 15% return in less that 50 days, which when annualized is about 106%. Certainly, not a return to complain about nor to look back at. Lets find some other similar stocks out there that can make some good returns for us. Jeff

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