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

To: Uncle Frank who wrote (3687)	4/20/2002 5:03:13 PM
From: JohnM	Respond to of 5205

Time to start writing May and June calls? I may wait a bit for a spike. So give us a heads up when you see that spike over the horizon. We'll be looking, too. So you went from 1.55 to zip; I went from 1.50 to .20. Hmm, temptation is to start a contest. But not only would I lose, the contest would lead me to do something destructive. Better take a pass.

To: Uncle Frank who wrote (3687)	4/20/2002 7:26:30 PM
From: H Peterson	Read Replies (1) \| Respond to of 5205

I can almost copy your post and it would reflect my experience except a different strike price. 3/1/02: Wrote ntap* April 17.50 at 2.10 (price at time of sell was $17.43) 4/19/02: ntap** April 17.50 got called out. ($17.58 closing price) Brokerage commissions were .07/sh , plus .05/sh to sell them, so net return was >1.98/sh. I lost my shares but only lost .08 a share in appreciation. Oh happy day :-). Time to start writing May and June calls? I may wait a bit for a spike. H Peterson PS...Thanks Frank for making my post easy to write. I assume your post wasn't copyrighted...lol