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: Jonathan Thomas who wrote (1688)	4/14/1997 10:32:00 PM
From: David Walton	of 14162

Jonathan, I have been following DRMD closely for about six months now and you are absolutely right DRMD has some wonderful premium income. It is the kind of stock I think is pretty good for writing covered calls. I have been waiting for it to dip down to about 9.00 or 9.50 to purchase but its been holding up pretty good. Since I like the stock I am also considereding writing a straddle on it at 10.00. That would mean me writing a 10.00 call for about 1.00 and also writing a naked put for about 1.00. I would collect 2.00 or 20%, if I do it on margin which I would I would collect 40% going in and have to wait about 30 days to see how much I get to keep. What is your opinion on this kind of play on this particular stock. David

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