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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (11115)	6/29/1999 7:59:00 PM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Thanks Herm, I'm a little nervous about buying calls, I'm not sure about giving away any more of my profits. If goes up again, and hits 28, I may buy some August 25 puts for the pullback. I'm not convinced it's got a lot more upside before earnings come out. In other words, I'm looking at a bounce off the $28 area, and when it comes back I may buy my calls back, and work on another round. If it goes above $28 and stays there, I may let myself get called and take my profits, trying to get back in on a dip, or move on to the next deal... Thanks again... Ryan