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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 (8446)9/1/1998 6:52:00 PM
From: Daniel Liberty  Read Replies (1) of 14162
 
Good day everyone. What a two day ride we have had. I had to go play golf today to get my mind off the market.

I sold 10 Jan 30 CPQ puts yesterday at 3 3/4 looking for CPQ to bounce back to the mid-thirties where I could cover.

I am short 10 CPQ Jan 35s that I sold for 4 7/8 several weeks ago. I have been trying to cover these at 1 1/2 but the price never got that low.

It seems like the premiums have gone up this week.

Appreciate any advice since I am quite new at this although I have learned a lot from lurking on this thread.

Best of luck to everyone.
Dan
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