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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: Jonathan Thomas who wrote (10726)5/11/1999 1:17:00 PM
From: tuck  Read Replies (2) | Respond to of 14162
 
Ryan,

Looking good. This is the sort of position I would establish with big (to me) money. What led you to buy those particular puts? Do you plan on cashing them on small dips, or just a big one? And why seven?

Edify dropping a point, but the June calls are responding slowly. Still, liking my day-to-day (as opposed to minute-to-minute) timing on this one.

Good Luck, Tuck

P.S Tuck is from my middle name Tucker. You can imagine what I went through in high school!



To: Jonathan Thomas who wrote (10726)5/13/1999 11:34:00 PM
From: NateC  Read Replies (1) | Respond to of 14162
 
JT...you wrote <700 shares NOVL @ 23 (Purchased on 5/7/99)
Sold Aug 25 Calls @ 2 3/4 (5/10/99)
Bought 7 June 20 puts @ 3/8 (5/11/99) >

Assuming your June 20 puts expire in June.....are you going to get other protective puts after June expiry....or do you hope to buy back the calls after the stock runs up.?? What's your strategy overall. BTW....the puts seem like a good play...classic WINS sideshow