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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 (3760)	5/22/2002 5:18:43 PM
From: Dr. Id	Respond to of 5205

Just cause I'm not posting much doesn't mean I've lost interest :-). duf Well, I've lost interest AND principal. Nevertheless, I do have SEBL, QCOM, and AOL short calls out there... The SEBL and AOL's look very good for now (SEBL Aug 27.50), AOL July 20) and the QCOM may turn out okay (jun 30). I am guessing that based on today's story, SEBL may not have bottomed yet... If it loses another point or two, I've buy back my Aug calls (sold for $2.55, currently about .80) and try to flip them again during another of our "faux" rallies... dDI@BWTFDIK.pov

To: Uncle Frank who wrote (3760)	5/23/2002 5:24:25 AM
From: the dodger	Respond to of 5205

Here's a couple of potentially useful sites for the group... This one calculates theoretical covered call expenses/returns... mcallahan.net And this one offers a five-day probility projection/analysis of puts/calls themarketbuzz.com td

To: Uncle Frank who wrote (3760)	5/24/2002 7:54:37 AM
From: the options strategist	Read Replies (1) \| Respond to of 5205

Uncle Frank or anyone need suggestions quickly. I bought a july strangle on the bbh wed. 100 call and 90 put. Should have left it there but on thur. I wrote the june 100 call. Well you know what happened, it soared to 102 thur evening. Should I roll out the short call and if yes should i roll out to june 105 or july 105 or 110. Or should i close the call spread at around a breakeven? Or should i do nothing until near expiration? Never had a spread to run up on me so quickly before i could do anything.