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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: NateC who wrote (11127)6/30/1999 3:09:00 PM
From: Jonathan Thomas  Respond to of 14162
 
Thanks Nate,
I responded earlier, I'm not sure there is enough upside to buy upstrike calls at this point. I am seeing a pullback (at which point I may pick up some cheap 30 upstrikes) or let it go if it runs away from this point. It has a lot of resistance at $28. I suppose that if it isn't any higher than $27, I would consider a rollup at expiry if the $30's are paying well. All in all, I think there is still too much time left in the August 25s to do anything at this point. Let me know if you have some hot ideas..

Thanks again...