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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: dr. z who wrote (10499)	4/22/1999 11:06:00 AM
From: jebj	Read Replies (1) \| Respond to of 14162

>What you described would be considered a bullish strategy for someone who believes the stock will continue to move up. - Dr. A Yup - I expected IBM to move up big today and it has done so - up 27 pts shortly after the open. The play I wanted to put in place - buy the 170 leaps and sell the 170 put - never made it, however. I opened a new account with Preferred Capital which I expected to be up and running yesterday to enter the trade. It didn't make it and it took a while this morning to get everything working properly so I missed the climb. If I could have gotten in yesterday and sold this morning could have picked up 15 on the leap and almost 6 on the put - pushing 90% overnight short term return! Ain't hindsight wonderful? :) Oh, well - there will be another time. jb PS - can sell the put against the LEAPS with Perferred, by the way.