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: Herm who wrote (10914)	5/27/1999 1:24:00 PM
From: phillip	Read Replies (3) of 14162

Herm, Have you seen the huge CC that took place yesterday in PPE? An investment bank apparently bought a million shares of Park Place Entertainment (they are a spin-off of Hilton Hotels and now own Caesars Palace in Las Vegas), then they did a CC using the June 10 Calls and created a straddle by also selling the June 10 Puts. Looks like a good bet.

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