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

To: Mike Buckley who wrote (3541)	3/20/2002 2:33:09 PM
From: Dominick	Read Replies (2) \| Respond to of 5205

How are you going to explain the next write at 30? :) Dominick

To: Mike Buckley who wrote (3541)	3/20/2002 9:19:44 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> I wrote Siebel May $40 calls on March 14 for $1.85. I uncovered today for $.95. Good stuff, Mike. I wrote April35s for 2.40 on 2/27, and then watched sebl run up, but today they traded as low as 1.10. I'm not tempted to buy back yet, as we're just at the point where the premium on April calls will begin to decay rapidly. >> This dummy looks smart today to his wife That happens so rarely that it's much more valuable than the .90 you picked up :-). duf@iknowbecausei'mmarried,too.com