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


To: the options strategist who wrote (11)10/24/2000 10:53:15 AM
From: Wayne Rumball  Read Replies (1) | Respond to of 68
 
On the COVD calls I bought them back from pretty much the same price I wrote them and sold the stock for $1.50 higher than I bought it.

On the surface it looks like I'd have been better off simply buying the stock, however, writing the calls limited my downside. The stock had to go to $2 before I started losing $.