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: Philip B. Reitano who wrote (4471)	9/6/1997 3:59:00 PM
From: Douglas Webb	of 14162

Well, I'm still not allowed to do option trading. But even if I could, I wouldn't buy the Oct 12.5 puts. All year, INVN has only touched $12.5 a couple of times, and just barely at that. It hasn't been below $12 at all. The lower BB is at $13 right now, so I wouldn't expect the stock to drop much lower than that. I expect to buy the Oct 15's back, probably after the Sep expiration date. Then I'll wait for the earnings report to come out, and sell Nov or Dec calls at 15 or 17.5. Doug.

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