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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: jermoney who wrote (5844)11/13/1997 1:27:00 AM
From: FruJu  Read Replies (1) | Respond to of 14162
 
OK... how do I handle this situation.

I am long IOM at a NUT of 26.5

I sold Dec 30 ccs at 2 1/16

However, IOM is looking like it might have a fast ride up if the market is even halfway reasonable, as they seem to be about to announce a big photography agreement, coupled with excellent numbers and a run rate of 1 million ZIPs per month....

Current price of the Dec 30 calls is 1 1/2.

What is your recommendation if I want to continue to own the stock??

E>


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