Well, as I have said before, it is simple...
Slowly add to the bunch.... then sell covered calls, as we expand in price... Hopefully I do it at a level, they do not call them away from me.... but if they do... oh well, I will suffer the profit and the premium... then buy them again... Hopefully in a dip... and then start all over again...
So far... no need to re-purchase them... but I am afraid this time, the buyers were more eager than what I anticipated... so they may call them away....
However... thanks to CPQ... who knows, it may be enough to push Lucy below the strike price... (I doubt it however).
This coming week is expiration (17th... last trading day on the 16th). Apparently, the ghost of christmas Compaq is coming to scare the entire market as it appears by the evidence from Globex, that we may get a shaking this week.... How deep? Who knows...
It may be that could be enough for a dip.... and then the proverbial, "wheu that was thrilling... let's go up again... What? Compaq earnings disappointment... ah yes, well, that was last week. who cares!"
We shall see.... |
