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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: ---------- who wrote (667)	2/7/1998 9:54:00 AM
From: Sam	Read Replies (2) \| Respond to of 2241

Doug ,,thanks for the help,,,I am learning this business On e step at a time,,,Furst I am trying to understand selling calls against the stocks I have,,On the Bombadier stocks I paid 30 CANADIAN.So if I sell a 30dollar call for 2.38..am I not getting 32.38 plus any dd,if they are called, - currently selling at 28, bad news over a mexico deal--- I have had my bells for a long time .I am up about 120% on them, they are now running between 46-47.50.c.If I were to sell A fifty dollar call here for 4.00 would I not be getting 54 if they are called away?,,and if they are not called i pocket the 4dollars and do it again, is it that simple or am I missing something?-----------SAM