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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: Kalman who wrote (9942)3/14/1999 5:32:00 PM
From: Herm  Respond to of 14162
 
Nice little hit with RN. You picked up a dividend, CC premie and some
capital appreciation. There is going to be some big bucks on the table
if RN sells off that tobacco part. Looks like the BB is heading north
again and the BB is getting wider. More upside is possible.

iqc.com

I don't know if I would cover that CC at a lost. I might be tempted to
use the funds to buy long RN CALLs sideshows and exercise if the RN
price continues to climb and then write deep in the money CCs.