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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dominick who wrote (3447)	2/28/2002 2:18:29 PM
From: Uncle Frank	Read Replies (1) of 5205

>> you may end up like me......an option flipper. :) Heck, a little more punishment from Mr. Market and I may end up as a hamburger flipper. I look at covered call premiums as income from my rental property. I leased my optimism on sebl yesterday and received 2.40/sh. for 7 weeks, but the tenant has changed his mind and is willing to pay 1.30 rent for one day's use if I will just let him out of the balance of the lease. If I clean the house and mow the yard, maybe I can find some other optimistic tenant to pick up the balance of the lease for, let's say 2.00. If I can't, I'll still have 1.30 extra in my pocket and will be able to use the place myself. uf

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