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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: Jim Seiler who wrote (7766)	6/25/1998 11:30:00 AM
From: Tom K.	Read Replies (2) \| Respond to of 14162

Sorry I wasn't clear, Jim. I thought you sold the PUT on Alaska, had the stock put to you, then sold a CALL for the next cycle. If that's what happened, my question would be why didn't you sell the CALL at the same strike as the original PUT in the previous round. If you got called you would be out of the stock at a zero cost (except commissions) and you would be ahead the premiums from the two cycles instead of just even. That's what I try to do so I was curious to understand your approach. Tom