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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject6/1/2001 5:00:07 PM
From: FaultLine  Read Replies (2) of 5205
 
Hello Everyone,

I bought back the rest of my JUN contracts today.

Here is a recap of the JUN contracts I shorted. Pretty slim pickings but not bad for two to three weeks. These were all comfortably one strike OTM when I sold them but the recent rally put them all ITM. Since last week, however, they are all once again OTM.

CSCO
05/08/2001 Sell to Open CSCO JUN 22.50 $1.25
06/01/2001 Buy to Close CSCO JUN 22.50 $0.20
Gain: $105 per contract less $70 total commissions

SEBL
05/03/2001 Sell to Open SEBL JUN 47.50 $5.00
06/01/2001 Buy to Close SEBL JUN 47.50 $2.15
Gain: $285 per contract less $70 total commissions

NTAP
05/21/2001 Sell to Open NTAP JUN 25 $2.50
05/30/2001 Buy to Close NTAP JUN 25 $0.40
Gain: $210 per contract less $70 total commissions

QCOM
05/21/2001 Sell to Open QCOM JUN 70 $3.00
05/22/2001 Buy to Close QCOM JUN 70 $3.70 (Closed half the contracts on China news)
Loss: $70 per contract less $52 total commissions
06/01/2001 Buy to Close QCOM JUN 70 $0.70 (Held remaining half until today)
Gain: $230 per contract less $52 total commissions

If we get a good surge next week I'll probably jump in again on some of these.

--dfl@somebodypleasestopmebeforeishortagain.hooked
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