How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (4137)	8/25/1997 6:49:00 PM
From: Douglas Webb	of 14162

If I sell the Oct 17.5 @ $1 1/8, my net cost drops to $12.27. That's not bad; it'll be even better if the calls don't go much higher than that after I sell! For the UGLY Dec calls, yes, I'll make a 12% profit if I'm called out at $15, but that wouldn't happen until I've held the position for over four months, so it's not a great return. Lombard won't let me trade options yet, so I guess I just have to wait. Too bad this is _half_ of my tiny little portfolio, though. Doug.

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