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 (1456)	7/12/2001 1:43:07 PM
From: William	Read Replies (1) \| Respond to of 5205

For what it's worth, I let the market come to me on both trades. On the buy, it was trading around $11.55 when I entered my limit order of $11.25. On the write, it was bid $1.05 when I entered my limit $1.20. Could have done a bit better on the buy, but the stock was acting well at the time. I need to remember the lunch time dip that often occurs, and try to take advantage of it. Let us know if you do this trade. William

To: JohnM who wrote (1456)	7/12/2001 2:40:46 PM
From: rocklobster	Respond to of 5205

Here's an interesting call option.. STOR july 10 bidding 1.05 asking 1.10 STOR stock bidding 10.02x10.05 so somebodies willing to pay a ten percent premium for an at the money strike on a call that will expire in a week and a day.. for disclosures sake I will say that I went long STOR at 12 a few days ago and sold it just now at 10 I'm now aggressively short as I can't believe how it is crumbling with the market going up. I'm very disappointed as I had a chance to dump it this morning premarket at a breakeven trade and wasnt up early enough to catch it.. it was actually bidding 12.25 on island right after 8 but by the time I saw it someone hit the bid and it dropped to 11.5 so I figured I would hold on.. rok