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: Herm who wrote (11874)	11/22/1999 12:06:00 AM
From: virgil vancleave	Read Replies (1) of 14162

Hi Herm! I have what is most likely an easy question. If a stock goes up and you sell the call and it continues to go up, what do you recommend doing. I just got called ( for a nice profit at least) on my brkt. I bought for 11 7/8 and sold the nov 12.5 calls for 1 5/8. I really didn't watch closely at the option prices, but my thinking is that I could have bought the calls back and paid very little premium since they became deep in the money as the stock ran to 17. In which case, I could have rolled up or sold the stock, pocketed the profits and moved into another profitable position. Since the stock was at 17ish for the past two weeks, my position was "dead money" since my equity was tied up and my money was not making me more money. Thank you for your input. Anyone else is also welcome to answer. Now that my cash is freed up again, I am looking for some more picks and have found a couple> I will post more infor tomorrow since it is late and my wife wants to go to bed. I have some long sideshow calls in hdc, since the premiums are not high and the fundamentals look good. good luck.

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