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


To: davidcarrsmith who wrote (4005)10/19/2002 10:52:02 AM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
That's the impossible question, David. I look at the strike I was taken out at as the figure of merit, and try to re-buy on any dip at or below it. As a ltb&h'er, if I'm successful at doing that, there was no damage in being called.

uf



To: davidcarrsmith who wrote (4005)10/19/2002 11:24:50 AM
From: Dominick  Respond to of 5205
 
If you're able, you could write a naked Jan 03 32.50 put for $2.70 or buy the Jan 04 40 leap for 8.90 and write Jan 03 call for 2.65.

Other than that, you'll have to wait for a pull back to about the 33 area.

Dominick