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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: Mike T. who wrote (9613)2/9/1999 7:51:00 AM
From: Herm  Read Replies (1) | Respond to of 14162
 
Hi Mike,

FLC will have a tough time breaking upwards past that $10.00
unless they get an upgrade or merger announcement of some kind. The
FLC 12 1/2s May @ 1 15/16 is not hard to take! The premie dollars you
collect can either buy more shares or long sideshow calls! I like the
idea of buying more FLC stock to CC again. Especially, if you are not
using any margin for the first 1,000 shares. You could buy another
200 shares to make a total 1,200 shares.

iqc.com