Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BDR who wrote (1308)	7/20/2001 10:57:02 PM
From: BDR	Read Replies (1) \| Respond to of 5205

With option expiration upon us here is some follow up on my QCOM Jul 60 Calls. As described in the post that I am responding to I wrote the 60s for 1.95 earlier and today at 12:45 local time (3:45 EDT. I had actually forgotten about the 3 hour time difference so I didn't realize how close to the close I was) I bought back the 60s for 4.60 and sold the August 60s for 7.70, net 3.10. That was in my taxable accounts. Non-taxable I let get called away. I had written a few 65s which I let expire. I had written SEBL 50s and RMBS 12.5s which I let expire. Monday I will look at selling the Aug SEBL 35s and the Sept RMBS 10s. This week I sold JDSU Sept 12.5 Calls for 1.25 and GLW Aug 15s for 1.05. I did a buy/write with Ciena yesterday, buying CIEN for 33.27 and selling the Aug 30 call for 6.00 for a return, if called of 9.6%, downside breakeven of 27.34 or 17% protection. That's all. Roll on, Columbia, roll on (or up as circumstances require)