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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 (9610)2/8/1999 11:43:00 PM
From: Mike T.  Read Replies (1) of 14162
 
Herm,

Been following this page on and off for the past 6 months. Am reading McMillan's bible, but still have plenty of questions. Have been looking at the oil industry for over a year, watching it go down, down, down (no pun intended). Finally bought in with FLC around 7.25, and am not sure which covered calls are in order. I like the 1-7/8 return that the May 12.5 brings. Then again, the Feb 12.5 has a buy of around 1/2. I don't want to get called out, and would like to make plays on this for the rest of the year, if that's possible. Right now, I'bought 1000 shares, and am looking at buying more, since I think it's a great options play right now.

Your comments and suggestions are greatly appreciated.

Thanks,

Mike
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