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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 (10691)	5/10/1999 12:24:00 PM
From: Mike Devour	Read Replies (2) \| Respond to of 14162

Okay folks, before I do something stupid... Please tell me when options expire this month? Is it this coming Saturday, the Friday before being the 2nd Friday of the month because May 1 was a Saturday? Or is it Saturday the 22nd, which is the fourth sat of the month, but coming after the 3rd Friday? Hmmm... I hope that's not too confused! <G> Mike

To: David Wright who wrote (10691)	5/10/1999 12:28:00 PM
From: Jonathan Thomas	Respond to of 14162

<<<<< Ryan, If you had done the June 25 at 1 5/8, instead of the August 25 at >2 3/4 your ROI per month on the position (using margin) would have been a full 10% higher. >>>>> David, Thanks. I thought about that, and it came down to 6 of one, half a dozen of the other for me. I really liked the extra premium for the downside protection, and like Herm says, (and you point out as well), use the call buyers money to fund your next trade. I am looking for other positions now, but am a bit stretched, so I'm putting more eggs in the NOVL basket then I would like, but it looks like a good position to me. I am hoping the stock will start to pull back, or I'll have to wait and get called out. I don't want to wait until Aug. unless I have to. Not a bad return, but I don't like sitting, I'm teaching myself patience as well. The chart seems pretty easy to read, and this is one stock I have been able to predict pretty well. (Others I have had BAD luck with). I'm interested to hear if people have opinions on my next move, either the ones I am contemplating, or new ones... Thanks for the feedback.. Ryan