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To: Ritch who wrote (7973)3/20/2000 8:55:00 AM
From: Eylon  Read Replies (1) | Respond to of 35685
 
Hi Ritch,

My point was that if you sell CC the most you can do is the time premium. In this case it was 11.5+2.5=$14. you can get it if you let it ride or buy back the call. My problem was that someone may get the impression that you can pocket the money for the call you sold and have appreciation of the stock value above the strike price. that is not true. The most you can make is the total time premium.

Eylon