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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mike Buckley who wrote (3773)	5/29/2002 11:45:58 AM
From: Gary E	Read Replies (1) of 5205

Mike, Can you or anyone explain why that was a good idea? On May 15 SEBL was $24+ now it's under $19 How is selling a call where you pick up 85 cents worth loosing 5 bucks worth of stock ? Is there a point when you will say this is a pos and just sell it before it's in single digits maybe ? Hal <<On May 15 I wrote Siebel June calls with a $27.50 strike and collected a premium of $.90. Today I paid $.05 premium to uncover.>>

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