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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: David Wright who wrote (10059)3/24/1999 8:17:00 PM
From: NateC  Respond to of 14162
 
Bought 500 shares of SAVLY @ 12 1/2 (on margin)
Sold 5 QVY MAY15C for 1 5/8
used proceeds to buy:
8 QVY MAY17.5C @ 1

Wow David.....your 1 5/8 div by 12.5 gives you a nice 13% premie....and if you're exercised...another 20 percent......So a 2 month return of 33%. I like it.....You're on your way!



To: David Wright who wrote (10059)3/24/1999 8:20:00 PM
From: NateC  Respond to of 14162
 
The only suggestion might be to pick up some cheap puts on a big up market day....then you have both sides covered.

One of my favorites is to CC an underlying I hold.....wait for an up day.....buy a cheap put.....and then wait for a down day.....and sell an expensive put...creating a bull-put spread....in addition to the Covered call. a "covered combination"


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