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

To: Hepps who wrote (4954)	10/23/2007 3:00:14 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> What are you writing this month? What are your thoughts on SNDK? I'm currently short the sndk November 42.5 put. I wrote it for 1.95 on Friday. And I'm short the sfly November 35 covered call. I wrote it a week ago for 1.90, and since I have profit in the stock, I'll win which ever way it goes. I was short the ntap November 25 put for 1.05, and closed it out today for a dime. I think it's at the upper end of its current channel, so I'll watch it for a while. I'm considering writing the cree November 25 put. It's in my tracker. I'd like to write qcom covered calls but I think it's at the low end of its channel right now. I'm thinking of buying some MDT. It's a great company that's had some bad news, but imho not bad enough to justify the degree of the retreat. It should be good for a position trade, and maybe a buy write, though its options don't command much of a premium. That's about it, Hepps.