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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	4/4/2002 1:25:32 PM
From: Uncle Frank	of 5205

Between yesterday and today, we've closed out all of our cc's with the exception of ntap april20s and qcom april40s, which still retain significant premiums. At the beginning of March I wrote, My assumptions are that today's rally won't be sustainable, and I'll have opportunities to close these positions favorably before April expiry. While that has been the case, my vision failed to encompass the strength of the early March rally. It went on for quite a while, and I could have profited greatly if I had been less impatient for a payday. Still, I'm glad I covered and came away from the latest round trip with something to show for it. Now it's time to start planning again. With earnings season intervening, it tough to time the sale of May expiry cc's. duf

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