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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 (3917)8/16/2002 4:17:01 PM
From: im a survivor  Read Replies (1) | Respond to of 5205
 
Sold the Sept $10's on EXTR for $1.20 apiece....thinking I can either watch and let expire worthless, or maybe buy them back if market gets whacked......opinions anybody? I dont want to lose the stock, and will buy back cheaper if I can.....but for me to lose, stock would have to be over $11.20 on expiry date......opinions appreciated...I dont want to lose my stock, but thought making a few bucks while it sits is not a bad idea.....with my luck, extr will now run high <ggg>......but she hasnt been above $11.20 in awhile, so thought it was a decent play to make a few extra bucks.....



To: Uncle Frank who wrote (3917)8/16/2002 4:28:29 PM
From: H Peterson  Read Replies (1) | Respond to of 5205
 
I sold a NTAP September 10 for .80 with 22 minutes until close and then it dropped down to .70 cents at the close. I thought after the run it had this week it was time to sell a CC. If it goes down I will buy it back plus more of the stock itself. Max Pain for NTAP for September is 15.

H Peterson


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