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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: Herm who wrote (7477)	5/23/1998 11:35:00 AM
From: dazzled	Read Replies (2) \| Respond to of 14162

Herm, et al - i will try to contribute a live example of cc'ing to the thread and see what everyone can do to improve it bot 500 SMOD 3/23 11,108.25 placed limit order to sell 5 apr 22.5c @ 1 7/16 sld 5 Apr22.5c 3/24 692.47- at april expiry, SMOD(SMART Modular) was just above 22.5 so could have risked being called or roll the options into May; decided to roll as it was low cost to do so and the stock seemed fairly firm at 20+ bot 5 Apr22.5c 4/17 88.75 sld 5 May22.5c 4/17 754.97- did this as spread order asking for at least 1 7/16 credit per spread at may expiry, SMOD fell below 22.5 so the calls went out worthless so placed an order to sell Jun22.5c @ 1 9/16 which was then filled on the next business day sld 5 Jun22.5c 5/18 754.97- thus, i have taken in about 2100 in premies since 3/23 on initial cost of 11,000. or in another way of looking at it, the 'nut' or breakeven is now about $18 per share with SMOD still hanging around the 21-22 area anyone have suggestions/comments? where is 'hpeace' now from earlier notes on SMOD.... dz