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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.61+1.8%Dec 3 3:59 PM EST

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To: BigKNY3 who wrote (1728)4/29/1998 8:53:00 AM
From: Ally  Read Replies (1) of 9523
 
I sold May 120 calls (covered) when PFE was around $116. Thinking now of selling May 115 calls (uncovered) assuming that the resistance level is at $115 to May options expiry and that the May120 calls are safe.

What are the positives/negatives on this strategy... (I'm a newbie on options)... anyone...
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