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 (12783)	5/24/2000 12:25:00 AM
From: robwin	Read Replies (1) of 14162

Hi Herm, I too am new like to Steve to CC...I am taking a bath in SUNW and writing some near term calls to lower my average cost... Perhaps I am little off base but if write calls several months away and out of the money to capture a high premium, am I not stuck? If the stock goes back up, I can't buy back the calls for less than I paid....I can't really sell the stock at all if I want to before expiry without covering...am I missing something? Doesn't it make sense to sell near term calls and then buy them back for less a few times to lock in that profit each tranaaction?

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