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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JohnM who wrote (1405)	7/10/2001 9:19:00 PM
From: M. C. Orme	Read Replies (1) of 5205

I wrote GMST July 45's thinking it would be the top of the range. I got an okay premium while maintaining my comfort level(about 6%)and felt the stock appreciation would be a nice extra if called. However, I fully expected to be able to buy them back and resell again before expiration for a double dip. (Not nimble enough for a hat trick!) But, so far that hasn't happened.... I was surprised to see where it traded today as well. Seemed more than what an upgrade would do. regards, dMCO

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