I sold at 1.60 and covered at 2.14. The highest number shown by BigCharts is 2.00. I
attribute this to excellent work by my broker. I think he did it with mirrors. Sometimes
he does earn his pay.

Buy selling a naked call I made $535 in two days. This process is more complicated and
dangerous than I could have imagined. I no longer recommend it to rookies. Bill

Talk to your broker on how this works.
It looks like you buy one contract of ten calls. The dollars are essentiall right buy the
number of call is reduced by 10. This brings up another point. Be very specific and only
deal with a broker who is looking out for your interests and will queation the order if he
thinks there was a mistake.

With the market up high.You think you Should wait before getting the 40 Calls?

Back on 4/24 We Beat The Old High By $1.00

Long term Graph looks Good!

Your numbers are essentially correct. I started with QKMFG June 35. When I won I switched
to QKMFH June 40. The numbers change too fast to quote.

Last edited on: 05-14-2008 12:47 pm

The way I do it. I send an E-Mail to my broker. He executes as soon as he has time,
always the same day. Are these figures what you did?

The $35 calls of june? Looked at august little more cheaper.

100 Calls x $1.60 =$160.00 ? Buy
100 Calls x $2.35 =$235.00 Sold
$75.00 profit?
Is that Right?

Can you Sell your Calls in the middle of the day because I see "buy to open""Sell to
Close"
Make me think you have to hold till close.

I just bought 100 calls on CALM. You figure out which one?

The call is up to 2.40. I bought 3 days ago. It will be a huge percentage on an annual
basis. It is not a lot of money but it has given me a new way to buy. I probably won't
buy the stock because my total risk was $16. I will have made something like 30% in 3
days.
I will let you know the exact numbers when the tickets come in.

Last edited on: 05-14-2008 11:20 am

Ahhh that Typo.I remembered it,Not 100 just 10....lol. Bid is up to $2.30 now For CALM

And this was on a Up Day when the call was Bought?,Thought most folks buy Calls when the
stock is down.I've seen you do this few times.Makes sense to stay on One side of a trade
instead of shorting.

The NYNY June@2.50 Call worthless Now but the June@5.00 is Up .40.