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: Douglas Webb who wrote (4312)	9/2/1997 10:56:00 AM
From: Herm	of 14162

Hi Doug, The news is a slight setback and the company damage control is kicking in. This kind of charge back is not at all that uncommon in this kind of auto business. The profit margins are still fat and the used car business is in big demand because most families can't afford the new car prices. Now, you need to use your CC tool box to get your net cost basis under control. Meaning, write CCs out two months and down one strike price in order to bring in a larger premium and help raise that equity to debt ratio to avoid the margin call.

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