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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 (12957)6/16/2000 4:32:00 PM
From: Bridge Player  Respond to of 14162
 
<< I bought 1500 shares and am looking to sell the july 10 calls for $2. Nice return since I bought for 9 11/16.>>

That would indeed be a nice return if you are able to realize it. However, the July 10 calls closed today 6/16/00 at 1 3/8 (1 1/4 bid) with the stock closing over 10.

What is your confidence level that you will be able to sell the calls for $2?

BP