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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (3515)	3/15/2002 9:00:01 AM
From: TShirtPrinter	Read Replies (1) of 5205

Greetings Unc, Gettings called isn't bad sometimes, but when you have to decide whether or not to let it happen, that questioning your judgement really comes into play. Sooooo...what to do today? QCOM 40's. I have two hours before leaving for a trade show. Here's my plan before the open. I will change it seven times in my mind anyway. I will let 10 calls be taken since they were put to me last month on selling short puts. Made about $1 on the put and about $1 on the call. Less interest, I have no idea what 2 points on 1,000 shares for a month translates into. The puts looked pretty dumb when the stock tanked to $32ish. The other 10 calls were sold @ $.85. Tried to pick up nickels in front of a train. If I can close em for $.50 or less, it will be a mental victory. If I get called out, margin is almost gone, but so are those shares. Then some taxes. Are we having fun yet? Back to work. Tony

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