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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 (4882)	4/14/2007 12:04:50 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> I posted earlier on DNDN on the new covered call board. Covered Calls For Income? Hey, that's what we've been discussing here for the last 5 years. I guess Jerome didn't like posting on a forum aimed at dummies. Are you gonna desert us, too? duf

To: Bridge Player who wrote (4882)	4/15/2007 2:28:12 PM
From: im a survivor	Respond to of 5205

Not a bad idea.....I was thinking of just selling some May 10 puts for the $2+premium and if it drops that far and I am assigned at $10, cost basis would really be $8 and I assume I could then write CC's on the stock if it is assigned to me at $10. Any opinions? How are others playing this? I understand the below and assume you are talking about selling the put outright as well as the call, without owning the underlying stock, dndn, or do you own the stock? <<For the aggressive traders willing to accept risk, I like this play this Monday morning, on Dendreon DNDN, which has just received FDA approval for a cancer drug. Sell a May 17.5 put for $3.80; sell a May 25 call for $3.40. Net premiums 7.20. Profitable at expiration everywhere between 10.30 and 32.20. Warning: stock is extremely volatile.>>

To: Bridge Player who wrote (4882)	4/15/2007 2:32:25 PM
From: im a survivor	Read Replies (1) \| Respond to of 5205

How would you play this now, a week later? Curious as I was planning to sell some May 10 puts with the premiums around $2 and figured I would simply take the premiums and pocket the money and IF assigned, I then write some CC's against it. Hadn't thought of the below, but would be curious as to how you would play it now, a week later....TIA... So who else is going to play this and how are you going to play it? TIA again.... <<<<For the aggressive traders willing to accept risk, I like this play this Monday morning, on Dendreon DNDN, which has just received FDA approval for a cancer drug. Sell a May 17.5 put for $3.80; sell a May 25 call for $3.40. Net premiums 7.20. Profitable at expiration everywhere between 10.30 and 32.20. Warning: stock is extremely volatile.>>