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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: RDHickman who wrote (9611)2/8/1999 10:23:00 PM
From: Scott  Read Replies (1) | Respond to of 14162
 
Two years - how time flies. What was an Internet stock two years ago?

As far as writing Sears calls, I would normally jump at a no-risk 5% gain, but I just couldn't bear to write them when the stock was at its historical support point. The premies will get much higher if the stock bounces off support and rises, and if it loses support, I want to get out quick, and I can't use a Stop Loss order if I have CCs in place.

Let's hope for the best.



To: RDHickman who wrote (9611)2/9/1999 8:41:00 AM
From: jw  Read Replies (1) | Respond to of 14162
 
>>>Hi Herm & thread! I also got in S at 40+, and wrote Mar 45 CCs for 2.25<<<

Dick, are you sure you wrote March 45 ( SCI ) and not March 40
( SCH )?.

I'm showing March 40 (SCH) High 2 3/8, Low 2 1/16 for Monday.
March 45 (SCI) High 7/16, Low 7/16 for Monday.

Not trusting my quotes, just checking.

Regards, /jw