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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mike Buckley who wrote (2291)	8/30/2001 2:29:42 PM
From: 100cfm	Read Replies (4) of 5205

Mike, Congrats on your new revenue stream. I have yet to buy back my Q sept 75s so I can't recognize the revenue as of yet. In fact I covered the other half of my Q shares on monday, did the sept 70s at 1.25. For an average of 1.75. When the gang was closing out their positions I felt the market was still in the tanking mode so I didn't close mine out. Curious to hear from you, UF and others if you come out better with the sell and buy and sell again or the hold till expiration. I'm going with higher strike prices then most since my shares are in a taxable account and therefore am not getting the high premiums you are. Today I feel very confident that all my calls will expire worthless but on the other hand I'm starting to feel my portfolio is going to expire worthless. 100

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