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: William who wrote (1630)	7/26/2001 7:49:54 PM
From: William	Respond to of 5205

Yeah. Sure. Right. Of Course. I write the calls, then the dame stock jumps up, closes a couple bucks above where it was when I wrote the calls, my 90 cents calls are now going for a buck fifty five. Of course. What else did anyone expect. Did you have any doubts? At least I am short the QCOM Aug 70's, not the 65's William

To: William who wrote (1630)	7/26/2001 7:54:47 PM
From: alanrs	Read Replies (2) \| Respond to of 5205

I've been buying and selling the CREE Dec 25's, 30's, and 35's. Something called a "ratio call spread" that Dan Duchardt showed me. However, since I have CREE in multiple accounts it's gotten a little confusing. The main play is to buy the 25's and sell the 30's and 35's. In two other accounts I've also been selling the Dec 25's and buying them back and selling them again. Knocking on all the wood I can find, I've made a hell of a lot of money the past 4 days doing this. I've gotten very lucky with my limit orders both ways, and then it rained yesterday and I was home just in time to buy everything back about 1/2 hour before the market turned. Right now I have 4 CREE dec 25's and sold 4 CREE Dec 30's. Am trying to sell 4 Dec 35's to re-establish the position. Also hoping QCOM makes a serious move here. I was a little reluctant to sell much with spinco in the wings, but with that done with I'll look for $75, or if it looks like it's stalling at $68 I'll find something there. Would love to sell SEBL 40's, but there isn't much money in it yet. Wanted to publicly thank Dan. He's been very helpful. ARS