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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Bridge Player who wrote (4529)	10/23/2006 3:02:33 PM
From: Uncle Frank	Read Replies (2) of 5205

>> Sold Sandisk Nov. 45 puts today at 1.15. I wrote the Nov. 47.5 for 1.80. >> High volatility, good option premiums, excellent operating margins, IMO good management, down significantly from recent highs as well as 9-month highs. That matches my assessment, but the play still carries quite a bit of risk. If you check the historical prices, you'll see that SNDK closed at 37.51 just 4 months ago. Wish us both luck! duf

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