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

To: alanrs who wrote (476)	5/8/2001 5:11:31 PM
From: Uncle Frank	Respond to of 5205

>> it seems that making large premiums for very little time was easy the last half of last year, and large premiums for longer time periods was easy for the beginning of this year, but that the pickings are much slimmer now, even on up days for a particular stock. Hmmm, we must be using different standards. gmst closed at 40.26 qlffi (june 45's) closed at 3.30 bid If you write the call and gmst isn't above 45 at expiry, you make a nifty 8.2% cash return. If you get called, you realize 21.2% in under 6 weeks. Premiums still look rich to me. duf