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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 (5399)10/11/1997 5:48:00 PM
From: Spots   of 14162
 
>>When the price rises I will pickup the 10 NOV. PUTs ...

Surely you meant "10 xxx Nov puts" not the November 10s! What
strike are you looking at? I'd like to get 37.5s but will
settle for 35s.

If I'd've been thinking clearly Friday I would have rolled
the Oct 35 puts before the preemie fades fast next week.
I bet I lose on the swap next week.

Of course, if the Oct puts end up ITM, it'll be much more
satisfying to sell them than hold the Nov's. If we see
40 next week, it's moot anyhow. We'll just buy the Nov's.

Speaking of demand, we haven't washed out the short interest.
Maybe those guys left bought in below 35 so aren't on a
short chain? Quien sabe.
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