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: Gary E who wrote (9789)	2/28/1999 8:40:00 PM
From: JimsJeeps	Read Replies (1) of 14162

Hi Hal, Over the past year and a half, CPQ has been a stock that has been held by some of the folks on this thread. I started out buying it at $67.5 pre-split. (the last 2 for 1). Knowing what I now have learned from this forum, I certainly would not have entered at that point, but I did. Now having utilized the WINS techniques, I have lowered my nut to under $24 per share. The puts Herm referred to were some cheap $32.5's that I picked up when the stock was in the mid $40's a month ago. I also have some CC that I intend to buy back this week and pocket some nice profit. I do agree if one bought the stock " north of $50" a short time ago, it would have been a tough day Friday, however if the CC was sold and you took some of your premie $ and bought some cheap protective puts, you would still have had a grin on your face Friday evening. Jim

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