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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 (11751)10/25/1999 10:50:00 PM
From: Ira Player  Read Replies (1) | Respond to of 14162
 
I believe the comment is most accurate stated as:

Most options are worth less when they are closed, either at expiration or when closed early.

Rather that worthless.

Ira



To: Herm who wrote (11751)10/26/1999 12:44:00 AM
From: Kona  Read Replies (2) | Respond to of 14162
 
Herm, what is the strategy if the underlying tanks? There have been quite a few name stocks that have cratered lately.