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Strategies & Market Trends : Befriend the Trend Trading
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: smchan who wrote (20711)8/21/2001 10:03:32 AM
From: smchan  Read Replies (1) of 39683
 
My latest covered call plays:

Updates in italics.

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, -0.10
short Jul 10c @ 2.05
Jul 10c expired, +2.05
short Sep 10c @ 1.35
present basis (after premiums received) is 8.31

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
covered Aug 12.5c at 0.20, +1.55
basis 14.90 - 1.35 - 1.55 = 12.00
sold stock at 7.5, -4.50 *ouch* didn't look good

NEWP
long at 22.35
short Aug 22.5c at 2.60
Aug 22.5c expired worthless, +2.60
basis 22.35 - 2.60 = 19.75

NEWP (another lot)
long at 21.66
short Sep 20c at 3.70
basis 21.66 - 3.70 = 17.96

SNDK
long at 23.35
short Jul 22.5c at 2.40
covered Jul 22.5c at 1.85, +0.55
short Aug 25c at 2.00
covered Aug 25c at 0.75, +1.25
sold Aug 25c at 1.50
Aug 25c expired worthless, +1.50
short Sept 20c at 3.50 - bearish chart pattern forming

basis 23.35 - 0.55 - 1.25 - 1.50 - 3.50 = 17.55

VRTY *ouch*
long at 14.35
short Sep 12.5c at 4.00
basis 14.35 - 4.00 = 10.35.

Sam
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