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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herman J. Matos who wrote ()5/30/2000 8:51:00 PM
From: robwin  Read Replies (3) of 14162
 
I have a dilemma, (not unusual for me)...SUNW has come back quite a bit to 80 as of today...as i said before i have 400 at 85 and sold 4 Oct 90 calls at 9 lowering my net cost to roughly the 76-77 range if i hold to expiry...

The stock should rally a little more and I would like to get out without a loss...but am not sure how to do this...if I cover my calls i will lose the lower cost basis....i am sure there is a simple answer but i don't see it...

btw, I like both the MO and RJR examples...had some MO, made a quick profit and left it...
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