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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mike Buckley who wrote (3541)3/20/2002 9:19:44 PM
From: Uncle Frank  Read Replies (2) of 5205
 
>> I wrote Siebel May $40 calls on March 14 for $1.85. I uncovered today for $.95.

Good stuff, Mike. I wrote April35s for 2.40 on 2/27, and then watched sebl run up, but today they traded as low as 1.10. I'm not tempted to buy back yet, as we're just at the point where the premium on April calls will begin to decay rapidly.

>> This dummy looks smart today to his wife

That happens so rarely that it's much more valuable than the .90 you picked up :-).

duf@iknowbecausei'mmarried,too.com
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