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


To: JGoren who wrote (4277)6/21/2004 11:28:44 AM
From: Dr. Id  Respond to of 5205
 
I also had June 70's expire that I had sold for 2.75. It got close, but backed off of seventy at the end. I'm also thinking of a new call sale... I'll see 70's again on strength, as I don't see the stock running away over the summer (and watch when I sell 70's, the stock will make a big move!) :)



To: JGoren who wrote (4277)6/24/2004 8:08:50 PM
From: Uncle Frank  Read Replies (2) | Respond to of 5205
 
Hi, JG. I wrote June65s for 2.35 last month, and then Q took off. Thought I was going to get called, but the stock dipped and I bought them back for 1.70 the day before expiry, and booked a nice profit.

Going under the assumption that Q will not go straight up in this market, I wrote July70s for 1.25 yesterday. I plan to buy them back on a dip.

Q looks very strong at the moment.

uf