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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: CrackheadBob who wrote (4976)7/22/2008 6:07:33 AM
From: Hepps  Read Replies (1) of 5205
 
CrackheadBob,

I've been writing 47.50 calls every month since January. I roll them out a few days before expiration. I took the opportunity this month to roll them up to the AUG 50s. So far I'm up 2.40.

I'm keeping it light, as the stock seems strong this past month, and a solid earnings report might leave me in the dust to pick up the pieces. If I get called, I want to be able to write puts at the same level that I was called at.

I'm looking at writing some 42.50 puts today. (1.04) or some 40s at (.50).
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