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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (5124)3/29/2011 9:12:35 PM
From: Uncle Frank   of 5205
 
>> Do you screen for high premiums in some way or is this one you follow that just happened to be rich right now?

A friend mentioned ebix to me last year. I did my dd, and felt it was overvalued, but I've kept it on my tracker. The recent dip took a lot of air out of it. I wrote the May 20 put at 2.04, and won't mind if it gets put to me at a net cost of 17.96.
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