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: hpeace who wrote (447)	3/5/1997 10:42:00 PM
From: Herman J. Matos	of 14162

Well, at $25 after the split and an upcoming dividend and earnings report the stock is good for $35 easy within the first three weeks. Don't forget the company also has a stock buyback program in place. They will purchase those shares to keep the stock price up. I think you should exercise the stock purchase, collect the dividends, take half off the table at $30 and for desert write deep in the money (next month out) covered calls for the balance for additional income and get called out with a big smile on your face!

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