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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (1797)	10/5/2016 12:26:50 PM
From: Jim P.	Read Replies (1) \| Respond to of 2591

Too tempting with the entire sector going up on the ACIA increased guidance. Bought more OCLR at $9.03 on a dip this morning and sold covered calls for November for $0.85 on a bump up to $9.10. I think my chance of losing money on a basis of near $8.20 is low. and the 8% max profit over a little under 2 months is plenty of upside IMO. Sold all my SLCA although I have some with short covered calls strike $46. This stock has had a great run but not unexpectedly follows the price of oil. Oil near the top of its recent range. Maybe it will correct and I will start a position again. Jim