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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: Dan Duchardt who wrote (11631)10/6/1999 9:58:00 AM
From: quickcat  Read Replies (1) | Respond to of 14162
 
to hpeace--thank you for the help with the references. --I'm only trading Canadian stocks with CC's- but pretty much all I know about options has come from this thread- Thanks to you Herm and the other posters- I'm a very appreciative permanent 'lurker'



To: Dan Duchardt who wrote (11631)10/22/1999 6:52:00 PM
From: mc  Read Replies (1) | Respond to of 14162
 
Dan, did you do anything with Disney? I got in last friday (15th) at 24 1/4.

It is performing pretty much as hoped; that is, a bounce off of the lower BB. It closed above 26 today. It's going to be coming up to meet the upper BB pretty soon (it was in a fairly narrow band) and if the RSI moves up to confirm I'll be writing calls.

I don't think I'm going to write in the money calls though just in case it keeps moving up. I think many of the old line retailers who have been moving into the internet haven't been given the same consideration as those vendors who are internet only. I think Disney is definitely one of those who, after further review by the market, may see some upside due to the e-exposure. I wonder if go.com will become a spin off anytime soon.

Also, Disney went to an annual dividend starting this year. Last year was paid in November, so I'm guessing a full years worth of dividend should be paid soon...no announcement but I would think it has to be coming. Disney runs a DRIP program for their stock so I don't think they would piss all those investors off by not declaring a dividend this year. It's not much (.21 per share last year) but, will at least cover my commissions and then some to buy and sell the stock.

take care,
mc