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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: Hectorite who wrote (10313)4/11/1999 5:54:00 AM
From: n2profit  Read Replies (1) | Respond to of 14162
 
I Bought ONSL @ 37 then sold CC Sept 35 for 9 1/2, thinking ONSL was going to tank. Now I think ONSL will take off.

I would like some ideas as to what I should do.

Buy some May 45calls around 2 1/2 or maybe Sept calls ?
Any input would be greatly appreciated.



To: Hectorite who wrote (10313)4/11/1999 1:40:00 PM
From: Sundar Rajan  Read Replies (1) | Respond to of 14162
 
Selling naked calls on a stock like AOL is disastrous. I sold the April 120's for about 7 and had to buy it back at 45. Since I don't have much experience in shorting I ended up buying the call at a real high price.
By the way I have sold more calls(May 150, July 155) than I have AOL stock. Is there a good chance for a pullback?