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: Herm who wrote (7796)	6/29/1998 5:01:00 PM
From: Douglas Webb	Read Replies (2) of 14162

Geez, wish you had told me sooner... or I had waited... I watched the stock trade between 7 7/16 and 7 1/2 for about half an hour after the open, and decided that it didn't seem to be going anywhere. So I put my order in, and got filled at 7 1/2. BTGC promptly dropped. Oh well. I've got so little cash left my broker rejected my margin order, so I only picked up 150 shares. I'm now another $56 in the hole. With any luck, I'll completely erase my account within a month, and I can give up on this whole investing thing for good... Doug. It's amazing that, not so long ago, I owned 800 shares of creaf....

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