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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 (9443)1/14/1999 6:44:00 PM
From: Johndee  Read Replies (2) | Respond to of 14162
 
Hi Herm, This was so unbelievable, I have to tell you about it. I bought FLC a few days ago at 8 1/2. The last couple of days it's been dropping with the market. I figured I'd look at some Option prices I could buy or sell for protection. I don't know if you saw it or not, but 4 exchanges were quoted for the Feb 12 1/2s. 2 of them were at zeros and 1/4s. 2 of them were over 2.00. I couldn't believe it. I've seen bad prints before, so I thought I could never get that price, but I'll try. I placed an order to sell to open the Feb 12 1/2 calls@ 2 3/16. In about 15 seconds I was filled. True story of the week.

Johndee



To: Herm who wrote (9443)1/14/1999 11:02:00 PM
From: Kmartin  Read Replies (1) | Respond to of 14162
 
Thanks Herm, I Have a beginners question.

If you sale a Feb25 CC at $6 and stock is at 26 do you get called out if stock goes above 31. and if you sale a feb30 at $3.5 do you get called out if stock goes above 33.50. Wouldn't I make more (if I get called) selling the 30 at $3.5


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