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

To: Hepps who wrote (4694)	12/27/2006 1:46:30 PM
From: Hepps	Respond to of 5205

Closed at my Apr 45s for .75, profit of .95 minus comissions for 20 days of exposure. While most here sell the time decay, I think most of my profit came from trend reversal(decrease in the price of the underlying). As the call went further out of the money, the delta(corralation to the price of the underlying) decreased, so I felt like it was time to get on the sidelines. I think that I'll see greener grass between now and Apr, and the more that I read the more I realize how much homework I've got before I get very far out of the shallow end. Hepps