Relax. I was yanking your chain. All attacks take place only in your imagination. :)
You own the stock. You SOLD calls against the stock. That is a covered call if you are long. You did not BUY any covered calls.
If you are short, then being covered means that you are long the call (or long the stock somewhere else). Technically, instead of the call being covered, now it is the stock that is covered.
Hope this makes sense to you.
> This was a dum dum move on my part to buy covered calls
Some day you must explain to us how you BUY covered calls. AS smart as you are I can not believe that you are attacking me.
As I know it covered calls are you own the stock and sell to open calls against the stock, which you own. (If I had not done covered calls for $45 I would be crying right now)!
But if that is NOT the correct way of saying hte abovethen you can correct me, OK Mr. big shot.
Gosh what planet did you come from??
I hope you did NOT do a covered write @ $40....if you did..then your stock will be called @ $40....and you will get to keep $3 per share.....your account will be frozen @ $40 for LDK.....
I did a coverd call at $45 so I am tied up their! Gonna, let them take it away or by 12/21 it expires. This was a dum dum move on my part to buy covered calls
I still own CMED and have not sold a share. It always drops at 10:30 a.m. you can set your watch by the drop. It did the $4 increase last week. It may go sideways abit but when it moves it goes quickly. I would hate to miss after the long wait. Bux your being silly again I hope. Anyway the visual of a two foot man sitting at his computer gives me a good chuckle.