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


To: Mannie who wrote (3505)3/14/2002 8:48:41 PM
From: Victoria Walley  Read Replies (1) | Respond to of 5205
 
As long as you're on the subject of oil, I have been successfully writing calls against TDW, which has a very similar chart and pays a decent dividend, too.

I wrote July 35s last month and am already looking to repair my position. Can roll out to Oct 40s at a net profit so I may do just that. I've been working this one for CC profits for about 2 yrs. Nothing exciting, just write calls 6 months or so out.

Vicki



To: Mannie who wrote (3505)3/14/2002 8:54:16 PM
From: Fargonaut  Read Replies (1) | Respond to of 5205
 
Scott,

Those OIH calls look pretty juicy, thanks for the heads-up. I have followed Schlumberger from time to time, but I didn't realize that the premiums in this industry were so good.

F

OT I was an instructor with the Night Owls Ski School back a few years - are they still around?