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

To: Dominick who wrote (4251)	5/3/2004 9:49:38 PM
From: Jon Khymn	Read Replies (1) \| Respond to of 5205

Yea, it seems RMBS 15 is quite probable right now... I've already closed two previous option and now holding May $20 calls, might have to cover once again and sell $15 calls. Sure didn't think I would sell this many options in just one month! Whew... I knew this baby was hot, but not THIS HOT! (Yep, there are reason for high premium, lol) Cut some of the losses by selling options but still a hefty loss... (Should have bought far-out the money puts as insurance for a quarter or dime...) Oh well, this experiment is not going too well. Hope RMBS will last at least a year...