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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 (7533)5/29/1998 11:50:00 AM
From: Greg Higgins  Read Replies (1) of 14162
 
Gary McBride writes:
...SESI...nut of 7.30 ... Jun 10 calls... trading 9 7/8 x 10


I summarized, hope no one minds.

I think it's way too early to make this kind of decision. As long as being called out is profitable (and in your case it's very profitable) you should let it ride. There are 10 times as many 12.5 calls as there are 10 calls for your stock, so it's not automatic that the MarketMakers will do anything to keep the stock down, but have a little patience.

Volume is still light so it may turn down again.

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