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Re: Protector post# 1187

Wednesday, 04/27/2011 5:54:15 PM

Wednesday, April 27, 2011 5:54:15 PM

Post# of 426374
Cloaked,
I understand what you are saying. I too sold 30 contracts covered calls for May 10's and recieved $1.25 each. So in essence I will end up with $11.25 per share.
However, I am debating whether I want to buy back those calls, and then either hold the stock or resell May 15s. I do the math and although I would take a bath on buying back the calls, if I sell a higher priced call I would come out ahead.
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