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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: Roger Louis who wrote (7087)	3/17/1998 2:30:00 AM
From: R. Gordon	Read Replies (3) \| Respond to of 14162

Roger, I'd buy the July 40s back now and wait for CPQ to do some recovery before I acted again. You have a good stock - only a matter of time before you can do something more profitable. We may well see 28 and 32 within a month or two. Patience - Patience - Patience!!! Richard

To: Roger Louis who wrote (7087)	3/17/1998 12:55:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 14162

roger I couldnt get dougs site to work with cpq for some reason..(others were no problem) did it for you

To: Roger Louis who wrote (7087)	3/18/1998 8:53:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Hi Roger, Using Doug's spreadsheet. Here is one possibility. I'm off to work so I will post one later. 500 $33.15 ($16,575.00) Buy 5 July Calls $27.50 @ 1 1/2 ($750.00) Sell 10 July CCs $30.00 @ 1 $1,000.00 ---------- Credit $250.00 STK $ STK. NUT Calls CC $ CCs Net Result $27.00 ($3,075) ($750) $1,000 $250 ($2,825) $27.50 ($2,825) ($750) $1,000 $250 ($2,575) $28.00 ($2,575) ($500) $1,000 $500 ($2,075) $28.50 ($2,325) ($250) $1,000 $750 ($1,575) $29.00 ($2,075) $0 $1,000 $1,000 ($1,075) $29.50 ($1,825) $250 $1,000 $1,250 ($575) $30.00 ($1,575) $500 $1,000 $1,500 ($75) If the stock closes at $30 in July you would only be out -$75.00!