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: hal jordan who wrote (4403)	9/4/1997 6:27:00 PM
From: Herm	of 14162

HAL, You can't be the first person (that we know of) to claim they loss money CCing on this forum. We don't allow people to lose money on this forum! I entered one approach that would result in the following. Basically, waiting until expiration with the current CCs. Advantage, no out of pocket expenses. Disadvantage, UGLY may continue to drop! The stock is most likely being shorted big time! UGLY BUY STOCK $6,700.00 400 $16.75 WRT.SEPT. 17.5 CALL ($475.00) WRT.DEC 15 Calls @1 ($400.00) TODAY'S PRICE STOCK VALUE NET $ COST AVG. # SHARES AVG.PRICE 12 3/4 $5,100.00 $5,825.00 400.00 $14.56 YOUR PROFIT = ($725.00) -12.45% (-$1.81)per share IF CALLED OUT @ CALLED OUT NET PROFIT $15.00 4 $6,000.00 $5,825.00 ---------------------- $175.00 +2.92% Another possibility? Buy 400 more shares when Ugly bottoms out! and sell 8 contracts instead of just 4. Advantagem, increases income and faster recovering because of the additional shares. Last suggestion! Take the loss on THIS ONE AND get back on the another horse proto! You should be able to make back 1,200+ dollars with $5,000+ dollars with another 50% margin on another stock. We ALL HAVE lost money while learning the stock investment gain! Boy, can I tell you stories! I'm still in the game because I learned the hard way and survived.

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