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

To: PoetTrader who wrote (2091)8/18/2001 11:53:47 AM
From: PoetTrader  Read Replies (1) | Respond to of 5205
 
Dear Thread...please excuse my previous post...I was obviously still asleep...I just realized that I had totally forgotten that I had to deduct my original underlying cost against what the strike price was and would be way in the hole...Oh my...I think I get the dunce award of the week!!...PoetTrader

PS...Thank God Faultline provided a thread for us to think through our utterly "DUMB" ideas...and not feel too silly.



To: PoetTrader who wrote (2091)8/18/2001 6:48:37 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> Sanmina... it's now at 19.00... I could sell a call at a strike of 10.00 for 9.00. I would make the premium...

Now that you've been caffeinated, I'm sure you recognize that there is no time premium in this deep in the money call. You'd be better off selling the stock for 19, provided you can find something productive to do with it in the next month.

Aren't you a little young to be having a senior moment <gg>?

duf


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