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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 (5015)10/22/2009 1:42:49 PM
From: wilywilly  Respond to of 5205
 
My Oct 47.5s expired, but I've been waiting for a bounce, too, to write new ones. Earnings are Nov 4 - maybe something will happen then. I've been lucky enough to write them almost every month this year, and I'm getting spoiled with the nice steady income.



To: Uncle Frank who wrote (5015)10/22/2009 7:52:54 PM
From: kelseysuncle  Read Replies (1) | Respond to of 5205
 
I sold Oct 46s and then bought them back for a nickel. For November with the recent price decline I thought it might be an opportunity to buy some ITM calls given that Q usually rallies somewhat coming into earnings. Several of the purchases are now OTM and all are under water as of today. It still might work out but at the moment its looking like a true dummy move.

dku



To: Uncle Frank who wrote (5015)10/26/2009 7:51:38 PM
From: Dr. Id  Read Replies (2) | Respond to of 5205
 
I had October 47.50s and 49s expire (for a good total premium...I sold them when the stock was above 46 in Aug), but am holding off for now. The premiums are too low and I don't want to let the stock go in the low 40's with earnings coming up.

Let me know when it's time! :)


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