Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Dr. Stoxx who started this subject	6/26/2001 6:23:36 PM
From: smchan	Read Replies (2) of 39683

My latest covered call plays: ATML long at 12.61 short Jun 12.5c at 1.10 long Jun 10p at 0.10 covered Jun 12.5c at 0.10, +1.00 Jun 10p expired worthless, -0.10 sold July 10c @ 2.05 (today near the close) present basis (after premiums received) is 9.66 today's closing price 11.86, and I'm currently on the hook between now and 3rd Friday of July to sell at 10.00 if I'm assigned. (I sold a deep, in the money call because I think the price will dip from here. My intent is to cover the call later and sell again on the next run.) JNIC long at 14.90 short Jul 15c at 1.95 covered Jul 15c at 0.60, +1.35 basis 14.90 - 1.35 = 13.55 today's closing price 10.56 (ouch!) SNDK long at 23.35 (today) short Jul 22.5c at 2.40 (today) basis 23.35 - 2.40 = 20.95 I need 2 - 4 more stocks to add to my covered call portfolio. Any suggestions? Sam

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