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: Bob Rieth who wrote (1488)	3/26/1997 9:29:00 PM
From: Herm	of 14162

1. I picked up 4 April 22 1/2 calls because most of the premium is pure "in the money" equity and the slightless movement to upside will give me a profit proto. 2. If I get called out of my 4 April 25 covered calls (net cost basis around $21.26) I'm up and running overnight into a buy/write (if I exercise my 4 April 22 1/2 calls) and I can lock in another deep in the money covered call. That's a double dipper month! Love those babies$$$$$$$ 3. If I don't get called out then I will trade the option for as much money as I can. A +7/8 points x 4 = $350 plus gain in three to four days would be REAL NICE HIT!

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