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 (7378)	6/5/1998 10:44:00 AM
From: EJ	Read Replies (3) of 14162

HERM - This is a THANK YOU note. I believe you had this message as well as another message on this thread where you indicated that buying puts on XRAY may pay off. Well, I took the leap several days back and bot 10 Aug 30 Puts for 3/8 and 20 Nov 30 Puts for 7/16. As I write, these are both trading north of $5! I simply would not have "found" this trade if it weren't for your statement on this thread. If you have any food for thought regarding the timing of the sale of these puts, please feel free to comment. I'm sure I'll take a little off the table today. Cordially, EJA

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