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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Jonathan Thomas who wrote (10689)5/10/1999 12:11:00 PM
From: tuck  Read Replies (1) of 14162
 
Ryan (?),

You using an alias? Whatever. That looks like a good position. Daytraders have clearly gotten a hold of Edify. The only news I've seen is from mid-session Friday, but the thing has done 3 million shares, and has flirted with 16!! I'm hoping to roll to the June 12.5s now, on the theory that this is the most overvalued option I can get with messing up my downside protection. I want to get this done soon, because you know this puppy's going to sell off at the end of the day. I can thus ride with daytraders, and maybe buy 'em back cheap later on. If not, the return if exercised is pretty nice. Impossible to run the numbers right now.

Looks like you have a good position that will reauire a lot less sweat than mine. But it's a good sweat.

Gotta go.

Cheers, Tuck
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