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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 (11145)	7/4/1999 7:11:00 PM
From: Victoria Walley	Respond to of 14162

Well, the end of my chapter for selling BTGC calls went like this... I did not get a fill on my limit order for July 7-1/2s which was placed at the bid, however, I did get filled when I set a market order for the October 7-1/2s. And the order was filled swiftly at the current price - it did not move because of me. So, thanks Jon Tara, I did not get eaten alive by the market makers. Also, I'm sure it helped that the volume and open interest on the October 7-1/2s is much higher. Nate, I also usually prefer to set limit prices above the bid when selling, especially if I hit a day when the stock is moving in the direction I want it to and can make a reasonable guess at where the option might go. In this particular instance I just want some CC premies in my account right now!