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: JohnM who wrote (1405)	7/10/2001 8:14:26 PM
From: Uncle Frank	Respond to of 5205

>> Anybody else following Gemstar ccs right now? Moi. My bride made a gmst purchase at 36.44 on 6/14, and then wrote qlfgh (july40s) on 6/20 for a premium of 3. If she gets called, which appears to be likely at this point, her return will be (40+3-36.44)/36.44 = 18% duf

To: JohnM who wrote (1405)	7/10/2001 9:19:00 PM
From: M. C. Orme	Read Replies (1) \| Respond to of 5205

I wrote GMST July 45's thinking it would be the top of the range. I got an okay premium while maintaining my comfort level(about 6%)and felt the stock appreciation would be a nice extra if called. However, I fully expected to be able to buy them back and resell again before expiration for a double dip. (Not nimble enough for a hat trick!) But, so far that hasn't happened.... I was surprised to see where it traded today as well. Seemed more than what an upgrade would do. regards, dMCO