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.
Strategies & Market Trends : The Covered Calls for Dummies Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: FaultLine who wrote (1101)6/20/2001 12:30:40 PM
From: PoetTrader  Read Replies (1) of 5205
 
Faultline...That's really what I'd love to see...for instance, once UF pointed out that sebl's earnings came out two days before expiry I decided to play my sebljul45's differently. Now the cc's I sold I will try to close after any downdraft in order to try and play runup into earnings, sell after news (as long as it dips) and then look at getting into August cc's after the next run-up...thoughts? comments?

Also here is a scenario I would appreciate any advice on...
I have underlying positions on ciena at the following prices:

100 61.58
200 56.15
300 41
200 36.35

on the 300 at 41 I have 3 45julcalls that I sold at 3.60...they are now going for around 1.60...Should I buy to close out and make my 2 points and then go back and try and sell 8 calls at WHAT PRICE? In Aug??...etc?

thanks in advance, PoetTrader
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext