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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	8/28/2001 3:44:06 PM
From: Uncle Frank	Read Replies (2) of 5205

As I reported earlier, I covered half of my positions on Friday's spike, reserving the balance in case the rally sustained. In the case of qcom oct70s, I'm tempted to close the position at the current price of 2.75, as that would net me 1.25 for just 2 days of rent. The underlying assumption is that there will be many opportunities to re-write octobers at a more favorable premium. uf

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