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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject4/3/2002 2:25:06 PM
From: Uncle Frank  Read Replies (2) of 5205
 
I closed out my sebl april35s a few minutes ago.

2/27: Wrote SGWDH for 2.40/sh.
4/03: Covered at 0.25/sh.

Commissions per share worked out to less than 0.05, so the net is 2.40-.25-.05=2.10/sh. Not a bad return for suspending my optimism re sebl for a little over a month. In my most favorable scenario, I will be able cover again with May expiry ccs during the run up to earnings.

duf
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