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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: dazzled who wrote (7483)	5/23/1998 3:11:00 PM
From: Greg Higgins	Read Replies (1) of 14162

Dazzled writes: Thus, i have taken in about 2100 in premies since 3/23 on initial cost of 11,000. or in another way of looking at it, the 'nut' or breakeven is now about $18 per share with SMOD still hanging around the 21-22 area. Anyone have suggestions/comments? Perhaps you haven't seen the news. SMOD closed at $13 7/8 yesterday, after hitting an intraday and 52 week low of 13 1/8. Come Tuesday you'll find UYQ 12.50, 15 and 17.50 options. Doug's site will give you a repair strategy for buying 12.50's and selling 15's or so. I'll suggest looking into selling the Jan 99 12.50 PUTS as a good way of averaging down, if you otherwise still like the company.

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