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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: Herm who wrote (10641)5/6/1999 8:17:00 PM
From: mc  Read Replies (2) | Respond to of 14162
 
Quick question, hopefully someone will have the answer.

I have a stock that I used to CC. I sold the position a while back, before it tanked. It went down to 2 1/2 and I picked some up at 3. As of monday it closed back above 5. The question is, how long before options will be available again? Is there a requirement like x number of days consecutively trading above 5 or something?

Thanks,
Gary



To: Herm who wrote (10641)5/7/1999 11:19:00 AM
From: Jonathan Thomas  Respond to of 14162
 
Thanks Herm,

I put in a buy at 23. and got 700 shares as it came down. Now, I'm thinking about puting in a sell limit on the Aug 25's at 2.5, currently at a bid of 2. Would you play a wait and see, hoping the stock will jump a couple points with market flow, and try to get closer to 3? Thanks again...you're a great help!!

Ryan