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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: MJ who wrote (4853)	3/14/2007 7:15:28 AM
From: Jerome	Read Replies (1) of 5205

Hi MJ... I should have written that statement with more clarity. If I receive $200.00 in call premium for an option (covered call) then I will only buy it back if it can be repurchased for $50.00 or less. (1/4th of the purchase price) Option expiration day is always a big surprise. There is a definite tendency of downward pressure on the market. Many times I would get called out of a stock because it closed at $25.30, and then on Monday I can buy it back at $25.00 or less. JMO....Jerome

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