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

To: melman1 who wrote (1726)	8/1/2001 3:00:02 PM
From: Mathemagician	Read Replies (1) \| Respond to of 5205

Now, I'm wishing that I had sold the call last week when it was 30 cents, so that I could re-sell it now at over $3. Should I have done this? I'm wishing that I had bought the call last week for .30 so I could sell it today for over $3. That's 1000% in a week! Then again, I don't generally recommend buying short-term calls. dM

To: melman1 who wrote (1726)	8/1/2001 6:06:36 PM
From: Dan Duchardt	Respond to of 5205

melman1, And what are the tools available to locate the stock and call with the best % return? High premium calls are listed in some places. One I know of is coveredcalls.com Be aware that calls are high priced for a reason, that being high volatility. And that means there can be considerable downside risk. High potential for gain always comes with high risk, even when writing CCs. Still, the site is a good place to look for candidates. If you can catch a stock near a bottom and feel comfortable with the added protection of a covered call, then have at it. Dan