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

To: BDR who wrote (3672)	4/16/2002 9:06:20 AM
From: Dan Duchardt	Respond to of 5205

Dale, Looks like they went back several days to March 14 to get things started. It's been a bit of a rough ride so far, but SPX has gone from a peak close of 1170.3 to a low close of 1102.55, a drop of 5.8%, while BXM has gone from 589.31 to 566.56, a drop of 3.9% Naturally, we expect the BXM to never lose as badly as the SPX in down months. It will be interesting to see how well it keeps up in the good months. It would also be very interesting to see if it turns out any different than buying the SPX (futrures contracts, or SPY) and selling the corresponding calls. Somebody should do this for the DJIA and NDX too :) Dan