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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 (4521)10/19/2006 4:33:07 PM
From: slacker711  Read Replies (2) | Respond to of 5205
 
Just because they're reporting doesn't mean there should be a call to unbridaled optimism. Let's see how Mr. Market reacts to these.

I dont think it was optimism, but volatility that is driving those prices....the puts had a huge premium as well.

FWIW, Sandisk is way down after hours, and Cree is up (though not enough to make money on those calls yet).

Slacker



To: Uncle Frank who wrote (4521)10/23/2006 2:49:48 PM
From: Bridge Player  Read Replies (2) | Respond to of 5205
 
Sold Sandisk Nov. 45 puts today at 1.15.

High volatility, good option premiums, excellent operating margins, IMO good management, down significantly from recent highs as well as 9-month highs.