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

To: Dominick who wrote (3445)	2/28/2002 1:52:51 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> Are you still going to hold it? I presume you mean the short call position, not the stock. Sebl is a core holding, and I'm not considering changing that based on a one day event. We've seen quite a drop in sebl in a short time with no substantiating news. I'd expect to see a reversal. Meanwhile, the April35s I wrote yesterday for 2.40 are trading at 1.10 by 1.20. I'm tempted to close the position, book a terrific 1 day profit, and wait for a bounce to cover again. But usually I wind up regretting it when I get too fancy/greedy... duf