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Strategies & Market Trends : The Covered Calls for Dummies Thread
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From: alanrs3/4/2011 10:51:22 AM
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Sold 2 NGD May 12 covered calls for .55.

I had bought 500 shares late last year (if you look at a chart, that's me buying on the last spike up, typical bad timing). My intention at the time was to do a buy/write but it didn't work out that way. So now I'm somewhat attached to it, did write some puts when it took a dive, would have been willing to buy more via the put exercise if that had happened.

Anyway, just killing time, waiting to see if I get a chance to re-sell the HOT put today, or what else might strike me.

ARS
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