BOB I SOLD 5 UNITS of my BCE calls a month ago ,,2.00 for a may 50 dollar strike ,,When I got back from holidays and read about the increase in rates ,I bought them back at 2.75, my buddy that thinks he knows say you should have bought puts instead of closing your calls,,, BUT today I can get 4.75 for the same calls. man does this get confusing, I better go to school on it,, I think if you sell calls long and they go up big time,you will be sitting there waiting for your strike price, and it aint coming ,these guys are trading your calls and making money,and you cannot do anything about it your capitol tied upin the big stock and no chance of gain,,if you do it with a stock that trades even, up a little down a little every day then you make ,..
Two weeks ago BBD were selling ,,oct strike 30 for 2., today will get you 5.05,,,,but there is no more gain for you on that stock untill some good hearted person, takes them off your hands,,,I could be wrong as I am just learnig,,It seams like a double barreled way to get your gains...
Just my Opinion,,,,,SAM |
