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

To: Dan Duchardt who wrote (3779)5/29/2002 5:27:32 PM
From: Dr. Id  Respond to of 5205
 
Dan,

Excellent advice... I think the chances are much better of making more by buying them back at a current price and reselling them on an uptick (or even selling them at a lower strike, say the 25's).

Thanks,

dDI



To: Dan Duchardt who wrote (3779)5/31/2002 4:09:25 PM
From: Dr. Id  Respond to of 5205
 
What do you think the chances are of making another .20 on the SEBL. What do you think the chances are of them doubling to about .80 by .90, or tripling?

Just bought back by SEBL Aug 27.50's for .40 for a 2.15 profit in about a two week period. Will now look to sell those calls again on the next uptick (if it EVER comes!)

dDI


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