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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 (5193)	5/2/2013 12:05:48 PM
From: kelseysuncle	1 Recommendation Read Replies (1) \| Respond to of 5205

You called it, Uncle. Did the stock get put to you? I may have called it but the ride was sure bumpy. For a while I was looking like a very serious dummy. The stock (unfortunately) did not get put to me. I'm still holding the puts but seriously considering buying them back rather than waiting for them to expire. I played it as a covered call, buying AAPL at 423, and writing the 4/26 $435 call for 12.35. The call expired worthless, and I retain the stock at an adjusted cost of 410.65. I'm itching to write a 5/18 call, but will wait for the stock to stop running. I really like your play. The 5/18 call will also let you capture the dividend. When I close my position I may well follow your lead. The premiums are all still quite enticing. Thanks, dku