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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 (10425)4/17/1999 12:40:00 PM
From: RWS  Read Replies (2) of 14162
 
Hi Herm

I posted to you last weekend I was beginning to trade CC and asked for comments, which were very helpful. Here are results for this week.

On Monday:
Bought ARTT @ 12.5 Sold Aug12.5 Call @ 3.25 Nut 9.52
Bought CHRZ @ 10.13 Sold May10 Call @1.31 Nut 9.08

On Friday:
ARTT bid 12.88 Call ask 3.75
CHRZ bid 13.13 Call ask 3.88

Should I buy back the CHRZ call and sell the Sep12.5 for Nut 9.43? Or perhaps should have done that earlier when CHRZ was at 11.31, which would be my B.E., right?

This is my first trade, so it is paper. I'm using a small starting amount and including transaction costs in my Nut.

Thanks.

RWS
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