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: mc who wrote (7408)	5/6/1998 11:54:00 AM
From: Bazmataz	Read Replies (1) of 14162

Thanks. What about the July 30s? For 3/4, I doubt I'd get called. As far as the stock itself, I'm happy to hold it, but I'd part with it for a smaller profit than some of my other holdings. With GLM, I'm not sure if waiting the extra three months from the July to Oct 27.5 call is worth the extra 1 1/8-1/4 or so. That extra point is really only about 4-5% gain on the underlying stock price from where it currently is. For three months, that 4-5% may not be worth it. So, I was looking to sell the July 27.5s, but wanted 1 1/2. With yesterday's and today's action, it's fallen slightly below that. Wondering if I should "hold out for that extra 1/4" or just take it now. This gets down to trying to predict daily, almost hourly, fluctations in the stock, which for me is nearly impossible. Thanks. Thoughts? Baz

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