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

To: TShirtPrinter who wrote (2863)10/30/2001 3:19:12 PM
From: Uncle Frank  Respond to of 5205
 
Aunt Nancy has covered her qcom with aaokk and aaoll, both at $3. She's very patiently waiting to close them out at <.50. Then she'll lecture me about patience :-(.

duf



To: TShirtPrinter who wrote (2863)11/6/2001 4:01:05 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> I even took it a bit further to buy 20 Nov 50's (aaokj) for $3.20 for a trade. This time however, I have already set a mental stop of $2.50 or 20% if my guess is wrong.

Your gambler's instincts served you well on that trade. The Nov50s are bid at 5.80, so if you held on, you're close to doubling your money. Cool way to reduce margin :-).

duf


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