Copyright © 2013 Knight Sac Media. All rights reserved.http://www.siliconinvestor.com/subject.aspx?subjectid=51101The Covered Calls for Dummies Thread Welcome to the Covered Calls for Dummies thread. This is the place to post your thoughts, questions, and comments on how to use covered calls to generate enhanced yields from your tech investments. The thread is geared, as its title suggests, to beginners and/...http://www.siliconinvestor.com/images/Logo380x132.pnghttp://www.siliconinvestor.com/subject.aspx?subjectid=5110138013210HeppsI just found out myself a few weeks back when I lamented that I couldn't write against the stock because I didn't have enough to ease in and out of a position. My brother asked why I wasn't trading the minis... Watched the stock drop big time yesterday. Considering an ATM Buy-Write. Better than 2% if called on an 8 da...http://www.siliconinvestor.com/readmsg.aspx?msgid=288976685/16/2013 9:10:44 AMUncle FrankI found it on the Fidelity site! Thanks, Hepp. It's always nice to learn something new.http://www.siliconinvestor.com/readmsg.aspx?msgid=288940075/14/2013 4:01:33 PMHeppsUF, I trade with Schwab, when I type in AAPL the options page gives me a tab for AAPL7 right next to it. Or you can just ask your broker about Mini Options. They trade for Google, and Amazon as well. nice chance to trade on a reasonable position. Good luck, Heppshttp://www.siliconinvestor.com/readmsg.aspx?msgid=288934025/14/2013 12:46:23 PMUncle FrankThanks for the info, Hepps. I'm trying to get a quote. What's the symbol for the mini-option chain? http://www.siliconinvestor.com/readmsg.aspx?msgid=288930775/14/2013 10:41:03 AMHeppsUF, The aapl7 is a mini option, 10 shares rather than 100. trades just like the big brother, but 10 shares at a time. To be clear, I don't think the two sets of options are linked, so you won't get the same prices ate the same time. good luck Heppshttp://www.siliconinvestor.com/readmsg.aspx?msgid=288918015/13/2013 4:21:03 PMRobohogshttp://www.siliconinvestor.com/readmsg.aspx?msgid=288883225/11/2013 9:07:12 AMUncle Frank AAPL actually quite weak this week (gained all of 2-3 points as GOOG soared and mkts continued ramping). This may explain some of it. Per the appl research page at Fidelity... "AAPL ex-Dividend for $3.05 on 5/9/2013".http://www.siliconinvestor.com/readmsg.aspx?msgid=288881855/11/2013 3:36:14 AMRobohogsAAPL actually quite weak this week (gained all of 2-3 points as GOOG soared and mkts continued ramping). I know because some of my option strategies didn't work quite as expected, while others surprised me. Weird stock. Jonhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288879695/10/2013 10:34:32 PMUncle Frank I've been trading AAPL lately. Wrote the 390 put last week before earnings for 12.40, bought it back a few days after earnings and did a buy at 414 and 420. Now have sold some AAPL7 calls at 445 and 460. What's an "appl7 call"? I've been thinking of writing the 6/22 $475 covered call for $9.50, but am reluctant bec...http://www.siliconinvestor.com/readmsg.aspx?msgid=288848105/9/2013 2:22:40 PMHeppsI've been trading AAPL lately. Wrote the 390 put last week before earnings for 12.40, bought it back a few days after earnings and did a buy at 414 and 420. Now have sold some AAPL7 calls at 445 and 460. Long time until new products come out, so I'm expecting it to retrace back to mid 450s this summer. Fickle stock, n...http://www.siliconinvestor.com/readmsg.aspx?msgid=288792065/6/2013 11:31:58 PMkelseysuncleYou called it, Uncle. Did the stock get put to you?I may have called it but the ride was sure bumpy. For a while I was looking like a very serious dummy. The stock (unfortunately) did not get put to me. I'm still holding the puts but seriously considering buying them back rather than waiting for them to expire. I ...http://www.siliconinvestor.com/readmsg.aspx?msgid=288708115/2/2013 12:05:48 PMUncle Frank I sold two contracts at $18.40 backed by cash. On that cash if AAPL stays above $420 I earn 4.38% in just 6 weeks. If AAPL tanks I will own 200 shares at a cost basis of $401.6. I'm convinced that AAPL has gone about as low in valuation as its going to go. And their product cycle is is about to turn with new ...http://www.siliconinvestor.com/readmsg.aspx?msgid=288665754/30/2013 12:36:24 PMkelseysuncleSounds good in theory, but the seller should reserve $42,000 to back up each contract shorted. That's intimidating considering Apple's way out of favor right now. You're exactly right. I sold two contracts at $18.40 backed by cash. On that cash if AAPL stays above $420 I earn 4.38% in just 6 weeks. If AAPL tanks...http://www.siliconinvestor.com/readmsg.aspx?msgid=288192124/6/2013 1:18:57 AMUncle FrankSounds good in theory, but the seller should reserve $42,000 to back up each contract shorted. That's intimidating considering Apple's way out of favor right now.http://www.siliconinvestor.com/readmsg.aspx?msgid=288143504/3/2013 5:16:06 PMkelseysuncleHas anyone else noticed that AAPL put premiums for May $420 are over 4%? Promise to buy AAPL at $402 for 4% 6 week gain? Sounds like a deal to me. Best, kuhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288109024/2/2013 1:18:29 AMSr KUAW VEBA trust argues exercise price is not fair, now, after Fiat made Chrysler worth more. Fiat Must Pay $342 Million for Chrysler Stake, Trust Says By Jef Feeley and Craig Trudell - Nov 12, 2012 6:50 PM ET bloomberg.com http://www.siliconinvestor.com/readmsg.aspx?msgid=2854327011/12/2012 7:51:21 PMshlurkerIf you think AAPL goes down, you should have bought a put, not a call. Buying a Call -> betting stock goes up Buying a put -> betting stock goes down ok - i get that at last, thanks - It's true no matter what option strike price i select for the CALL option! In fact, here's a summary of it all IMHO: ...http://www.siliconinvestor.com/readmsg.aspx?msgid=2785298612/30/2011 8:06:58 PMpekosAAPL has been around 382.xx On Friday, 11-nov-2011:10:00AM If you think AAPL goes down, you should have bought a put, not a call. Buying a Call -> betting stock goes up Buying a put -> betting stock goes down For some education on optíons look at cboe.com  If you sold a covered call you probably bought the Stock ...http://www.siliconinvestor.com/readmsg.aspx?msgid=2780101212/2/2011 4:04:11 PMshlurkerok - i don't know where to post this, but this thread was suggested. Any comments will be appreciated by this newbie. TIA PS - apologies for the format margins. It will read better if you copy/paste it into TextEditor, i think On Friday, 11-nov-2011:10:00AM, using GOOG finance, stock AAPL, its option call ...http://www.siliconinvestor.com/readmsg.aspx?msgid=2778158011/22/2011 2:47:47 PM