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

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To: jim#2 who wrote (7887)7/18/1998 8:34:00 AM
From: Joe Waynick  Read Replies (1) of 14162
 
jim#2, sorry for the late reply. I would have started by buying the Aug 110 instead of the 100 -- too expensive. Then I would write the 115 or 120. If the strike is reached you can use the appreciation of your long call to pay for closing the position.

For a stk like DELL, I think bull put spreads would be a better strategy.
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