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Technology Stocks : Micron Only Forum
MU 237.16+4.6%Dec 5 9:30 AM EST
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To: Carl R. who wrote (45071)4/14/1999 11:05:00 AM
From: DavidG   of 53903
 
Carl,

Nooooooo. It doesn't work like that at all. :-)

First of all if we assumed your accounting was right I cleared 6 1/8 points on covered calls as my equities were reduce about 3 points which is a positive 3 points ...not negative.

Second you only show a loss when you sell not while you are holding it.

Third I toyed with the idea of selling new covered calls for May of MUEI's at 3 1/2 which again further adds to my gains but, I am waiting a bit for better prices.

Good Luck Trading
DavidG
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