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


To: Road Walker who wrote (1885)8/10/2001 11:03:18 AM
From: Road Walker  Respond to of 5205
 
Another SEBL buy/write, this time ITM, with more downside protection, less upside. Prices are from this morning, gross without commission:

Buy 100 share SEBL @ 26.76
Sell 1 contract Sept 25 (SGQIE) @ 4.30
Return if exercised 11.3%
Downside protection 13.22% - breakeven price 22.46

Just something to think about.

John