Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Uncle Frank who wrote (3617)	4/5/2002 10:38:34 AM
From: Jeffrey S. Lillie	Read Replies (1) \| Respond to of 5205

Uncle Frank, I went back thru history and discovered that I rolled it twice. Which is once more than I remembered yesterday. Here is the history. buy 185 shares at 16.03 on 9-18-01 for $2,975.54 sell 85 shares at 33.76 on 1-4-02 for $2859.56 approx $1500 profit on the 85 shares(good part of all this) sold 1 nov 17.5 call at 3.60 on 11-6-01 for $348.24 buy 1 nov 17.5 call at 7.10 on 11-16-01 for $721.74 sold 1 jan 20 call at 6.00 on 11-16-01 for $588.24 buy 1 jan 20 call at 9.20 on 12-31-01 for $931.74 sold 1 may 25 call at 9.20 on 1-3-02 for $908.24 If I add up the sells on the option total is $1844.72 If I add up the buys on the option total is $1653.48 ---------------------------------------------------------------------------- Difference is $191.24 So if I can buy the May 25 back at $2 or less, I break even on the call that ran away from me big time. Overall, including the shares that I sold, I am nicely positive(about the only stock I own right now that I can say that about). Any thoughts on how to improve my chances of getting back to breakeven on my calls are appreciated. SEBL holding up well so far today (darn!). I have been thinking or buying back, praying SEBL goes up, then sell it again. That is the point at which it will inevitably breakdown and head for $20. Thanks for the reply