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Author: RGAnthony Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1077  
Subject: Re: good time for Covered call? Date: 12/4/2011 11:31 PM
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If you are looking to sell your 100 shares ASAP then look at the Dec 11 calls that expire in 12 days.

LOW closed on Friday at $24.31 and using the bid price for the analyst. (you may get more by spliting the bid/ask). Below assumes you get called on the one contract.

The 22 strike will give you $.05/share.
The 23 strike will give you $.15/share.
The 24 strike will give you $.32/share.
The 25 strike will give you $.25/share.

So, the 24 looks about the best. Now, commissions will take some of your profit. So, 32 cent x 100 shares - $10 commission gives you about $22 extra from selling the shares outright.

I am not sure the covered call is worth it. However it is your call. If the stock goes below the $24 strike you still have the stock. You can sell another cover call for the next month but the price will be dropping.

Good luck and cheers,
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