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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Herm who wrote (5601)10/23/1997 11:39:00 PM
From: RCVJr  Read Replies (1) | Respond to of 14162
 
Herm - was wondering if I could pick your brain for a moment. I presently own 500 shares of CREAF with a nut of$16.40...I wrote the Nov20 calls prior to earnings on those 500 shares. I also bought 5 Nov22.5 calls as a side bar for $2. The time value of the Nov20 calls is almost gone (I sold the calls for $2.50). Would you recommend buying the calls back now and look at writing calls in Dec, either the 25s or 30s or should I wait and exercise the calls, letting my original shares get bought out? Any suggestions will be appreciated?



To: Herm who wrote (5601)10/24/1997 8:55:00 AM
From: Tony D.  Read Replies (1) | Respond to of 14162
 
"Did you see that big +5 move up after CREAF announced earnings?"
Saw it and cried. I was a little too late and a little to short on the bid. Could have used a little Muse to raise the bid a little and stiffen the backbone. (Maybe a new use for it)

I still believe VVUS is a "contrarian" stock.

Tony D.



To: Herm who wrote (5601)10/24/1997 9:33:00 AM
From: hal jordan  Read Replies (3) | Respond to of 14162
 
Herm--Someone on the VVUS thread stated VVUS was mentioned on CNBC this morning - with positive news. That should help inflate the stock today, assuming the market does not tank.

Hal



To: Herm who wrote (5601)10/24/1997 1:51:00 PM
From: Qtrlytrades  Respond to of 14162
 
Herm,

You are so lucky.... the MM never touch my Limit orders sitting at 1/4 or 3/8's.

I sold CC on COMS Novemeber 50 a llooooonnnnggg time ago for 4 1/2... damn things have held there value at $2 or $3.

COMS could close 11/21 at or above 50.

If I expect the stock to hit 43-44 in the next week how low should the Nov 50 call go??? Where do I set my Limit order to close out my covered call????(so I don't have to watch the thing all day)