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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: virgil vancleave who wrote (11798)11/11/1999 12:46:00 PM
From: Alastair McIntosh  Read Replies (2) | Respond to of 14162
 
You may want to check out DLP.

This morning I bought the stock at $ 27 1/8
Sold the Nov 25 calls at $ 3 7/8
Net cost $ 23 1/4

Potential return is 100(1-25/23.25) = 7.5% for an 8 day hold.

The break even of $23.25 looks safe as the bad news appears to be out.

Al



To: virgil vancleave who wrote (11798)11/11/1999 3:46:00 PM
From: Herm  Read Replies (2) | Respond to of 14162
 
I have been off the computer the last three days. I got hit broadside with a bad case of walking pneumonia and I have been in bed trying to regain my strength.

I was able to get up today and at least have enough energy to turn on the computer which is more than I could do yesterday. They are not kidding when they say it can kill you if you let it go too long. First, time I ever caught anything like this before.

I had to laugh with my sore lungs and all when my doctor order me to stay home all week and he wrote me a doctor's note for work. I asked him, "what's that for?" :-) In looking back, I never missed more than one day here and there. It seems you need a note if you are sick more than three days from work. I never thought about it because getting sick is not in my frame of mind usually and I take care of myself.

I have some 150 unused sick day credits and I'm glad I have them and never had to use them. Another two days and I may begin to pick up were I left off I hope.