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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (8577)10/20/2000 5:49:20 PM
From: Wayne Rumball  Respond to of 11130
 
LOL, you wanna talk premiums....

Some idiot gave me close to $3 for writing a March call on COVD

Of course, now if the stock goes under $2 I can't simply buy back the call and write another, 5's the bottom end.

If it goes up though the $5 premium will slide into oblivion and maybe I can write a 7.50 or 10 and have a cost base of -$2 :-)

One can only hope



To: ChrisJP who wrote (8577)10/23/2000 11:32:51 AM
From: Aduke  Read Replies (1) | Respond to of 11130
 
Hi Chris,

Your EGGS are cooking nicely today. Good call!


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