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

To: TShirtPrinter who wrote (923)6/6/2001 8:52:56 PM
From: Dr. Id  Read Replies (2) | Respond to of 5205
 
Well, I know it's not the game here, but I sold Sebl July 35 puts a few days ago. Got 2.50 for them, today they're worth about 80 cents or so. Waiting for them to get down to less than .50 and I'll buy them back...

The only negative of the play is that it ties up margin room (they move the money to cover the play from the margin account to a cash account...no interest payment, but less room).

I think it's not a bad play in a downtrending market, as I picked up a nice premium and would be very happy to own SEBL at 32.50 if it were to be put to me.

Dr.Id@afterIpromisedmyselfIwouldntsellputsagain.pov



To: TShirtPrinter who wrote (923)6/6/2001 10:17:16 PM
From: Uncle Frank  Respond to of 5205
 
>> 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).

The problem is that there are only 6 market days left for June options, and the nasdaq doesn't seem real peppy right now. We're entering warning season, and I'd expect some negative reactions are coming our way.

jmho,
uf


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