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: hpeace who wrote (1172)	3/16/1997 2:53:00 PM
From: Mark	of 14162

>mark, is thi the buy back of the april calls. > the first step is monday. buy the 30's back.. > then we'll step throguh the rest. > buy 30's back then sell the 25's you have. > then sell the 25's again. > this is the roll down Steve, Thanks for your response and unending patience. I think the confusion stems from the fact that you have misunderstood or forgotten my original post on this particular subject. In summary, I have 200 shares of EGRP and have written the April 30 calls. Since March 5th the stock has declined almost 5 points. Your response above seems to indicate that you think I also have the April 25 calls, and this is not the case. I do understand that I should buy back the April 30's. I will do this promptly tomorrow morning. Can we carefully and clearly take it from there? Thanks again, Mark

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