SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line (AOL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Marvin Mansky who wrote (35336)12/13/1999 11:42:00 PM
From: Dr. David Gleitman  Read Replies (1) of 41369
 
Ouch, Ouch Ouch!

At the time I sold the covered calls, I was looking for a quick additional revenue. The lesson from last months debacle was not to sell covered calls too long before options expiration. I thought that I could grab a quick $1.00 for selling the calls 9 days before options expiration. Who would of thought that AOL would shoot up 16 points in less then a week. Now I have to work on my "exit" stratagy and roll the calls over. Yes I'm still bullish on AOL, but I wanted to set up a system that would generate extra monthly income by selling covered calls "way" outside the money right before options expiration. Interstingly enough, the Street.com made mention of selling calls during the week of options expiration as an interesting strategy. I guess I just "shorted" myself, one too many times.

As they say, wisdom is the scar tissue of our past experiences.

Best of luck to all,

David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News