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: JohnM who wrote (1596)7/23/2001 8:26:35 PM
From: FaultLine  Read Replies (2) of 5205
 
John,

SEBL
I bought the SEBL last week with the express purpose of doing a buy/write on it. Rather than immediately writing the contracts, I took a chance that this week might hold a price bump-up that would improve the premiums. After the negative discussion of SEBL on the G&K thread and Mike's remarks today I decided that we just may be looking at a top for SEBl for the near future and that it might just be steady or slightly downhill from here for awhile. Under that circumstance, now is the time to get those contracts out there because the premiums are not going to get any fatter.

NTAP
I've been waiting for a month for NTAP to give me a good rise that fattens up the premium but to no avail. I've finally had my own optimism on NTAP sufficiently dampened such that I've simply decided to give up waiting and be satisfied with a more modest return. I've written contracts on half my position since, like SEBL, what we are seeing right now just may be a local high for the share price. I do not see any particular optimism on NTAP for the next six months or so thus this just becomes a "grind it out slowly" kind of cc situation yielding a small but accumulating return over the months ahead.

Does this make sense?

--dfl@tiredofwaitingforgodot.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News