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

To: Uncle Frank who wrote (920)	6/6/2001 4:53:40 PM
From: Sully-	Respond to of 5205

Hi duf, FWIW June Max Pain for SEBL is currently $47.50. Looks like you did good & might get to keep those shares to write against next month too. Congrats & good luck :-) iqauto.com Ö¿Ö

To: Uncle Frank who wrote (920)	6/6/2001 4:59:45 PM
From: TShirtPrinter	Read Replies (2) \| Respond to of 5205

Greetings UF, I had in my mind when SEBL hits above $55.00 look and see where the June 60's are. Without studying the ying & yang stuff as to where the premium should be, if we are anywhere over $1.00 I'm selling them (SGWFL). Totally uncovered on any QCOM at this time. Need a bounce IMHO. Saddly, where I don't predict stock prices, I am afraid we are looking @ LA in 4. That's unless the front office of the NBA has ordered and extension for more games in order to make more $. Boy, this stock stuff has made me awfully cynical <g> Tony

To: Uncle Frank who wrote (920)	6/6/2001 5:03:14 PM
From: FaultLine	Respond to of 5205

The premium was thin, but a retiree has to make rent payments :-). duf@andajunkiehastohavesomeaction.com in reverse order of importance I imagine... <g> --dfl@nicetohavesomeoneelsekindenoughtopaytherent.com

To: Uncle Frank who wrote (920)	6/6/2001 5:40:34 PM
From: JohnM	Read Replies (1) \| Respond to of 5205

Dummy Alert. Can I copy you, Frank? (g) Do you know whether the premium has gone up over the last two days as Siebel's price has gone up? A strange thing about this one. Greg M said, over the weekend, he was buying Siebel. So it goes from a Friday close of 46.88 to today's close of $51.15. I don't know how he does it so consistently. But, being the novice cc writer, I had yet to make that connection. Thanks. My calculations suggest that, if you use $51.15 as the purchase price and $3.10 as the premium, you get 3.5% if called and 6% if not. Could someone check me on that? Oh, yes, commissions. I assume no commission for stock purchase--Frank says he already held them (and I would write them on Siebel shares we already own); and $12 option commission. That latter will, obviously, vary. That's on one contract in which I pay $9.95 as a commission, plus $2 per contract. John M