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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 (12203)1/19/2000 7:03:00 PM
From: Dan Duchardt  Read Replies (1) of 14162
 
Herm,

Either folks are hedging with CCs using the May calls or they are speculating a come back.

I can't speak for all of them, but those AUG15s were definitely speculating on the come back. Unfortunately, I paid the man 1_11/16 and now he is only asking 1_5/8. At this price for ROST, those AUG 12_1/2s at 2_1/2 look pretty good too.

August is a long way off, and I'm quite confident ROST will make some kind of positive move before then. Especially if we see a significant pull back in the overall market, and people start moving some money where the value lies.

By the way, my wacko data service has the P/E for KM back in the single digits around 6_1/2. Yahoo has it at over 13. Does anybody know what KM really made, and what the forecast is for the next year?

Dan
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