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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: RDHickman who wrote (10533)	4/25/1999 7:56:00 PM
From: Herm	Respond to of 14162

Good timing Dick! You sized it up very well. No one loses money by taking a profit. The risk you took paid off with a very good return. The market conditions (mainly IBM earnings) spiked NOVL at the right time and you captured that in the LEAPs. The 10 strike was so deep in the money that it was almost dollar for dollar parallel to the stock price move itself because of the high intrinsic value of the LEAP. That kind of sideshow is what I try to do with my large CC premies in my account. Now, you have some more capital to work with.