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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Don Lloyd who wrote (1285)3/17/1997 11:20:00 PM
From: hpeace   of 14162
 
don, he sold the apr 25 calls not the march's.
He's bettng that we have a pull back before then and he will buy those calls back at a great profit. They will not make it to april 3rd week
I think he is right.
the only reason he sold the 27.5's today is he couldn't monitor it closely on earnings tueday.
i've been in that positon and taken my 100% profit and said thank you.
Listen, i've played this thing at high stakes.. I wouldn't put out of
possibility ROST being 25 on this friday<g>

Plus remember He has a cost basis of 21+.. so he would sell something at 25 he bot at 21+.
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