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

To: i-node who wrote (947)	6/7/2001 10:21:26 AM
From: Dr. Id	Read Replies (1) \| Respond to of 5205

My question is -- does it make sense to roll them out without rolling them up at the same time? By rolling out only, I put a little money in the bank and at the same time reduce (but not eliminate) the risk of getting called in the near term. I'd appreciate others' views... Depends where the stock is going. I tried rolling out (and not up) on SEBL and GMST Aprils to Mays, both stocks continued to rise,and I ended up getting called out anyway. I bought back my NTAP Mays (at a much higher price than I paid) and had I rolled out at the same strike one month, I would have done much better buying them back. So, I guess the answer depends on where you think the stock is going. I guessed wrong in all three instances... Dr.Id@sodontaskme.pov