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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (4172)	4/14/2004 11:03:51 PM
From: Jon Khymn	Read Replies (2) of 5205

ARS, Interesting to see you mentioning RMBS and SNDK... Before reading your post today, my top 3 choices were RMBS, FDRY and SNDK (After comparing few hundreds stocks.) To test CC, I bought RMBS and wrote same number of May 30 calls at $1.75 today (which I thought the premium was very nice) I lost so much money buying options, I finally figured if I sell instead of buying, thought I should make some money for a change ;o) will see.... (First time writing covered calls... wish me luck, and please do give some advice to this newbie, TIA) Jon

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