How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: mc who wrote (5753)	11/3/1997 4:10:00 PM
From: Vol	Read Replies (1) of 14162

Gary, I'm in with you on IOM. I wrote the Nov 25's. If I had more stock, I would have written 1/2 25's and 1/2 27.5's. I wouldn't buy back calls yet, but wait for a dip, which is likely to happen in this volatile market. IOM is fairly valued and is actually nearing the upper BB, but you are right, they did VERY well at earnings. I'm hanging tight with my short 25 nov calls for now, for what it's worth. Vol

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