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


To: Thomas Tam who wrote (1542)7/20/2001 7:23:32 PM
From: EnricoPalazzo  Read Replies (1) | Respond to of 5205
 
Well, I did write [20 naked calls]
...
The biggest danger is if SEBL runs to 60+,


Hmm... SEBL at 60 X 20 calls = $60,000 loss. Yes, I'd call that dangerous.

Best of luck (honest, since I'm trying to build a SEBL position).



To: Thomas Tam who wrote (1542)7/21/2001 9:41:30 AM
From: AnnaInVA  Respond to of 5205
 
I marvel at your conviction that SEBL or any stock on which naked calls are written, will not react positively in this environment. My God, what if you wake up Monday morning and SEBL is being taken over for a chunk of premium ? The possibility is remote, but geez, I could not sleep a wink.

anna