Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Dec 26 4:00 PM EST

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To: KevinKT who wrote (21975)	7/24/2011 1:32:05 PM
From: gastrodoc	1 Recommendation Read Replies (2) of 220773

GZ Thank you soooo much for all your efforts to educate us and help us become better investors. I have been wanting to learn how to write covered calls for income, and would appreciate your help in making my first options trade. I am currently overweight in my portfolio in AAPL. I added some in mid-June at an average price of $320, as at that time it was trading at a ridiculous PE of 11, with a growth rate of between 2-3 X that. I would be perfectly willing to let 200 shares go at a higher price 2-3 months from now, especially if someone would pay me a premium for that right, as most of us expect it to go higher over time. What i need is help in placing the trade. Where do I find the symbol for the Sept 11 AAPL call at a strike price of 415. Would I write 2 contracts if I'm doing 200 shares? what would my premium be? I'm sure that once I write one or 2, I will have more confidence in doing this. TYVMIA Tim

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