SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (3605)4/3/2002 9:52:17 PM
From: Dominick  Read Replies (1) | Respond to of 5205
 
Dale:

GMST looks very do-able even though the ITM probability is only 37.4%. Resistance area will be around 13 and your cost basis is reduced to below the low. 13.7% not assigned and 22% assigned.

Same with GLW. 16.3% unassigned, 17.2% assigned. Your cost basis takes to the lowest low where support should enter. Probability 42%

JDSU same. Probability 54%. 27% unassigned, 15.5% assigned.

I think they're all do-able provided they don't become another Enron.

JMHO,

Dominick



To: BDR who wrote (3605)4/4/2002 12:35:09 AM
From: Thomas Tam  Read Replies (2) | Respond to of 5205
 
Just curious about your thoughts about writing the May 10s versus the April 10s on GMST. And writing the 10s vs the 12.5s.

Currently thinking about the buy/write with the Apr10s myself on GMST. Also thinking about the buying the Nov5s and selling May 12.5s. If it ramps, sell the Nov5s and buyback the 12.5s for a loss.



To: BDR who wrote (3605)4/4/2002 12:43:42 AM
From: Uncle Frank  Respond to of 5205
 
>> Bought GMST @ 9.5 - Sold May 10 Calls (QLFEB) @ 1.25.

That's a good plan, Dale. I'm tempted, but I'm concerned it may still be in the falling knife stage. Think I'll watch it for a few days. I'd rather not try to time the bottom on this baby.

>> Maybe by the time the positions "mature" next Fall I will have decided what digital camera to buy.(g)

There might even be some prosumer Foveon Array models by then. But to be honest, figuring out which camera to buy is at least half the fun -gg.

duf



To: BDR who wrote (3605)5/18/2002 12:01:24 PM
From: BDR  Read Replies (1) | Respond to of 5205
 
On April 3 I wrote:

Bought GMST @ 9.50
Sold May 10 Calls (QLFEB) @ 1.25.

I see that GMST closed at 10.01. Talk about a cIiffhanger! I can't tell yet whether the calls were exercised. If exercised that will be a 17% return. If not, I can write again. The June 10 call is bid $1.25.

The other buy/writes that I mentioned in that post are both under water with drops in GLW and JDSU, but they still have 6 and 4 months, respectively, left to play themselves out.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News