Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: smchan who wrote (20040)	6/29/2001 8:27:01 PM
From: smchan	Read Replies (1) of 39683

My latest covered call plays: Updates in italics. I forgot to add DIS on my last post. 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 is 13.49 JNIC long at 14.90 short Jul 15c at 1.95 covered Jul 15c at 0.60, +1.35 sold Aug 12.5c at 1.75 (sold in the am gap, should've waited basis 14.90 - 1.35 - 1.75 = 11.80 today's closing price 14 SNDK long at 23.35 short Jul 22.5c at 2.40 basis 23.35 - 2.40 = 20.95 today's closing price 27.89 DIS long average at ~35 short Jan02 40c at 1.55 covered Jan02 40c at 0.40, +1.15 today's closing price is 28.89 All in all, I would have done better to have held and sold today. However, still prefer to just be called out or given the option to repair the position. I'm looking forward to seeing how things pan out at options expiration in July and August. Still looking to add more positions (using fundamentals) and to use EOD chart analysis to trade options around the long positions. Sam

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