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: Herm who wrote (6078)	12/10/1997 7:08:00 PM
From: drsvelte	Read Replies (1) of 14162

Herm: Thank you for the fast reply. I don't mind posting my response, and maybe it can be used as a tutorial of sorts. 1. Bought 500 shares @ 20 11/16 on margin (no margin call anticipated unless this puppy goes to 0) 2. No calls purchased, long in the stock 3. No cash to invest now, but margin is ok 4. Am willing to wait (clearly now!); however, did not buy this underlying as a long-term "buy and hold" equity, but just to write calls from. Maybe it has a story, but not convinced. 5. No calls written -- was waiting for the damn thing to go up a bit!! As an aside, this is a most informative and helpful thread -- no egos in play, seems like everyone sincerely wants to help each other. I come from the "Drillers" thread which is much the same way. drsvelte

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