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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: FaultLine who wrote (324)4/30/2001 3:55:28 PM
From: Uncle Frank  Respond to of 5205
 
>> Sold NULEE NTAP MAY 25 at 2.20 about an hour ago.

Right now 1.80 bid, 1.90 ask. Looks like you timed it well, at least on an intraday basis.

Keep it up and I'll nominate you for a Dum-Dum award ;-).

duf



To: FaultLine who wrote (324)4/30/2001 6:21:17 PM
From: EnricoPalazzo  Respond to of 5205
 
If the stock remains unchanged at 23.40 the position simply returns 2.20 for an roi of 2.20 / 23.40 = 9.4% in three weeks which is a Buffet-crushing 163% per year (in my dreams...).

Don't sell yourself short... it's actually a 375% return.

(compounded).


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