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

To: JohnM who wrote (2509)	9/25/2001 2:27:23 PM
From: DiB	Read Replies (1) \| Respond to of 5205

John, IMHO you make a pretty good argument for doing a buy/write strategy these couple months. Last Friday I also looked at premiums, and found several tech stocks with calls priced at 10% or more of the close price for nearest strike. Decent downside protection, decent return in a month... Opinions? -DiB

To: JohnM who wrote (2509)	9/25/2001 2:35:32 PM
From: Road Walker	Read Replies (2) \| Respond to of 5205

John, I sold the October's, EMC just in the money, SEBL just out of the money, both for ~1.50. I felt there would be a pull back from yesterday, and to be honest I am just trying to grab a few dollars. I will probably buy to close today or tomorrow. It's more of a day trade than most on this thread like to do, so I think it's sort of off topic. I'm not at all concerned with losing the stock if I'm wrong, or if the plan is good but I screw up the execution, which I am prone to do sometimes. On positions where I don't want to sell the underlying, I wouldn't be selling calls right now. John