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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 (12319)	2/6/2000 7:49:00 PM
From: PeterCS	Respond to of 14162

Dan, Yes,Dan you are right with your math. I do agree with the feeling that I hate to close with a loss as Tom stated. I thank the people that have responded. I am still not sure about the route to go. I don't think it would be worth it to go out to Aug. in order to pick up 1 5/8 although I am also lowering the strike price to an easier number to attain, and I also would be not taking the 4 1/4 loss. I also feel maybe the same situation would be there if I let the stock be put to me. If it goes up 4 1/4 I would be even. I also like your suggestion Dan, to sell and buy the March put for the same amount. As you said it would give me one more month. I can't see anything wrong with that. I know everyone goes through the same thing at these times. Any more thoughts on this from anyone?