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

To: TShirtPrinter who wrote (959)	6/7/2001 5:33:16 PM
From: JGoren	Read Replies (2) \| Respond to of 5205

Well, the problem with CC's in this market came home to roost. The problem is having been through a bear market, things move up rapidly when the market decides to revalue. I sold TXN June 40's on Tuesday late afternoon for 30 cents rather than the July 45's, thinking it was pretty safe with 7 trading days left. Today, everyone jumped on the semis and TXN is up almost 5 or 10.93% and they are in the money. So, guys, watch carefully on some of those beaten down issues.