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Strategies & Market Trends : The Covered Calls for Dummies Thread
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From: Bridge Player1/25/2007 12:12:30 PM
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For the really venturesome among us, with GOOG trading at around 490 as I write, the bid on the Feb. 550 call is 3.00, and the bid on the Feb 430 put is 2.10. Total premium for the strangle is 5.10 for strikes 60 points out of the money.

Yes, I know GOOG can move 30 or 40 points after earnings come out. But there have also been several quarters when the premium of these far out-of-the-money options collapsed when the move was 15 or 20 points.

I haven't had the guts to write these yet but it sure is tempting.
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