got your spreadsheet..looking real good
suggested you roll the cno sep 5 to jan $5 leaps
buy back the expiring atpg sep 12.5 calls and repalce with oct $12 calls today
btw people, rick bought gnw at 11.75 last year and the simple covered call plan now has his cost basis down to $6.56 per share so a double has basically been manufactured if sold at $12.50 or higher.
by jan 2011 his cost basis will be under $5.00 per share
Jim...sent you my ira spread sheet earlier. Forgot to mention in the email, I have $1700 in cash. I have 10 cno Sept $5 calls which I plan on letting go and 13 atpg 12.50 calls which I will be watching tomorrow. Rick
Jim...on DRYS..bought the 10 Jan $5 calls, bought 1000 more shares and sold 20 $4 leaps.
Also bought 1000 more shares of aria and sold the $4 leaps. I have about $1700 in my cash account. Thanks. Rick
forgot what you had sold the sep $11 for but it really doesnt matter.
you spent $1.57 and got about $.90 for the $1 roll that cost you $.70 MINUS whatever the $11 were originally sold for which should have at least been more than $.50
bottom line is at a max cost of $.20 or less you moved those shares $1 higher in value and hope you have to do it again in oct because of the signifigant other positions you have in gnw at higher strike prices.