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To: Voltaire who wrote (7122)3/12/2000 8:51:00 PM
From: hroark2000  Read Replies (1) | Respond to of 35685
 
Voltaire: I have one final question for you regarding writing calls. Suppose an investor were to buy a stock like ELON for $90, and he turns around and writes April 90 calls for $20. The stock drops and is worth around $50 at April expiration. If the investor were to turn around and write May 50's for say $15, he would be in a situation to lose money. If the stock rebounded to say $60 around May expiration would the investor buy back his calls and then re-write at a $60 strike price. I guess I am wondering would you still write at the money even if your ATM is below your cost basis. Thanks.
-Mike



To: Voltaire who wrote (7122)3/12/2000 11:13:00 PM
From: dylan murphy  Read Replies (1) | Respond to of 35685
 
Hey Voltaire,
First time on or near the porch. Earlier in the week I saw this post some might have missed that bears repeating.

Message 13146145

If an infinite number of rednecks riding in an infinite number of pickup trucks fire an infinite number of shotgun rounds at an infinite number of highway signs, they will eventually produce all the world's great literary works in Braille.

I wonder if this works with oranges too?


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