How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Hunt who wrote (6244)	12/30/1997 9:36:00 AM
From: Douglas Webb	of 14162

While you're considering that idea, you might want to keep in mind that CREAF is going to release an earnings report soon after the January expiration date, and well before the February expiration date. You can buy your calls back now pretty cheap, especially if you got $1.5+ for them, but if you write Feb calls at this point you'll probably give up a few points. Wait and see if CREAF can reach $21 this week; if it's strong when it hits $21, just hold on, and if it's weak when it hits $21, write the Feb 22.5. If you really need the cash, and CREAF doesn't get too close to 21 this week, go ahead and write the Feb 20. You'll almost certainly get called out, so you can lock in a profit of ~$2.35/share. See my new and improved options page at webbindustries.com Doug.

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