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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	4/19/2001 3:15:38 PM
From: Gregory	Read Replies (3) of 5205

Any experts here? Is it right to sell covered call in my situation or should I just wait? I have SUNW in my account that I have bought at $60.00 on margin. It came all the way down to $13.00. It is about $20.00 now. The call premiums look very attractive and I am tempted to sell CC.. Specially , because I have a tendency to believe that price will go back to 13-15. But I am scared that I will have to sell my position at price much less than $60 if by the expiration date price will be higher than strike CC strike price.

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