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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (5380)10/9/1997 7:41:00 PM
From: Spots   of 14162
 
Herm, I think my action tomorrow is to buy back my Nov 40s,
preferably at about 60% profit (1 7/8). If it bounces
I'll watch it but if it heads for 35 I'll repurchase and
play for dippity-doo-dah.

I also own Oct 35 puts, which I'll roll to November on an
upward bounce; otherwise I'm inclined to keep the fire
insurance till expiration in 8 days. If it bounces late
I'll sell a Nov or Dec ATM and purchase pps with part
of the preemie.

Comments?

Regards
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