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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 (2229)8/24/2001 4:12:33 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> If you do indeed think SEBL will trade down from here, I suppose now would be as good a time as any to write the calls.

I agree, John. In fact, today seemed like a good uptick on which to cover for all of my core positions. Just in case this rally turns out to be sustainable, I only wrote on half of my holdings.

sebl oct25 @ 2.40
qcom oct 70 @ 4.00
ntap oct15 @ 1.40

All in all, a good payday.

In retrospect I would have been better off if I hadn't closed my qcom sept70s so early, but timing/trading is not my forte.

duf