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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dr. Id who wrote (3612)	4/4/2002 5:47:18 PM
From: Jeffrey S. Lillie	Read Replies (1) of 5205

Hey all, I own SEBL shares since Sept. Thats the good news. I sold calls in October and it ran away from me big time. Rather than lose the shares I bought back the calls at a 2 loss and then resold the May 25's. Calls traded for around $4.-4.50 today at the low. I am break even at when it gets to $2. So if you dont mind, I would like it to drop another $2.5-3.00 to $25 ish so I can buy back my calls and be free. Then I will join the hope it goes up crowd. Hard to believe I am within striking distance after being $11 under water on the call. Good luck to all, Jeff

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