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

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To: Caroline who wrote (8057)8/3/1998 6:23:00 PM
From: Joseph Francis Torti  Read Replies (1) of 14162
 
Wow, I thought I would end up with a profit.
here how I figured it. correct me if I'm wrong

43 3/8 x 200 + comm. (36.00) = 8,761.50

41 1/8 X 100 + comm. (12.00) = 4,124.50
--------
12,885.50

3 Contracts C.C. HD Aug 40 for 2 1/4 total

675.00 minus 67.50 comm. round turn= 607.50 premium profit

Tomorrow Home depot opens 40 5/8 stock gets called

40 5/8 X 300 - 64.00 comm broker asst. (not web broker)=12,123.50

Total long cost 12,885.50
total long sell 12,123.50
---------
total long lost $-762.00 - 607.50 premium = -$154.50
Shit is this all right? Caoline you where close.
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