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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 (4967)5/19/2008 3:13:12 PM
From: Hepps  Respond to of 5205
 
Uncle Frank,

I'll mail you a buck if you can tell me where its breaking out to... ;>)

I'm on the wrong side of some July 47.50 calls that looked like money in the bank just last week.Just the piece of my position I acquired when I thought that it would never revisit 45...

I think that its too early for pre announcement rumors to be the cause, unless it's someone else's announcement... My next sale will be the 50's or 55's... right now I'm just going to hold what I've got with the rest of my position and watch from the sidelines for a week or two...

I miss this thread... Its much more focused on conservative income generation than the others...

Good luck to all
Hepps



To: Uncle Frank who wrote (4967)5/19/2008 3:40:22 PM
From: alanrs  Read Replies (1) | Respond to of 5205
 
I sold a couple of July 50 calls last week-too early. Right now you're not looking so smart, but that could change by tomorrow. I still think there's a 20% drop in the market somewhere, with housing and/or oil being the catalyst.

I'm also very paranoid about the curse of the public post. Hopefully nobody reads this board anymore and the gods will not notice.

ARS