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Strategies & Market Trends : ThE WoNdErFuL wOrLd Of OpTiOnS
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To: Madpinto who wrote (276)2/23/1997 6:35:00 PM
From: RBane   of 308
 
Mike,
I own 400 shares of CLE. The Feb. covered calls which I sold, expired unexercised.
I am considering selling covered calls and writing puts on the same 400 shares, since I wouldn't mind owning more of it if I am exercised. I also will buy a far out of the money put for protection if necessary.
Do you have an opinion of this strategy?
Appreciate hearing from you.

Thanks,
Ron
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