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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: Tony D. who wrote (7321)4/22/1998 11:11:00 PM
From: Tony D.  Read Replies (1) | Respond to of 14162
 
TO THE THREAD....RE: PLC

A couple of weeks ago, PLC showed up as a good looking CC play. I bought at 17 3/4, and sold the May 20's for 2 1/8. Within a few days, the call was in the 2 3/4 area with no significant move in the stock. PLC then started to drop, but the call stayed. Today, PLC dropped bid time and the call has finally started to drop. Does anyone know what caused PLC to drop.

Tony D.