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


To: Bridge Player who wrote (4438)8/11/2006 2:06:04 PM
From: Bridge Player  Read Replies (1) | Respond to of 5205
 
Placed the following trades today at 2:00PM Eastern

Bought EBAY at 24.16, sold EBAY Sep. 22.50 call for 2.20.

Net cost 21.96, yield-if-called (38 days to Monday 9/18) 2.45%, annualized (using 350 days) 22.6%.

If not I don't mind owning EBAY at cost of 22 with the expectation of writing additional calls against the stock.