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: Casaubon who wrote (12834)	5/29/2000 10:49:00 AM
From: James F. Hopkins	Read Replies (3) of 14162

RE > I don't think it is actually officers of the companies but rather fund managers or other big money with for-knowledge of an upcoming event which will influence the value of a company. I agree and "when" I see unusual volume on some strike I often will play the stock even if I know almost nothing about it, but I usually don't play the same strike the way they do. One I remember some time back; SDS in Nov of 99.. she was trading flat at 24 but the Jan2000 25s were being bought like crazy..I took the 15s and sold the 25s into the demand and got the $10 spread for 5-7/8. I had no idea of what SDS did or anything it was a nice profit ( 66% after commish) in 2-1/2 months. While SDS finally hit 38 knowing me I would not have held that long. At any rate 24 to 38 is still only 50% profit so the spread did better dollar for dollar. Getting a $10 spread that cheap with only 2-1/2 months of time left is rare, it was the big demand on the 25s that let me do it. Jim

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