Thursday, April 2, 2009

More Covered Calls

I wrote more covered calls on the remainder of my CPSL position. Half my position is short Sept. 2.5 calls, and the other half is June 2.5 calls, which I wrote today for a dime. Very overvalued, especially since CPSL has basically been trading in this range for a week now. I don't expect to see too many large jumps in the price until further on down the road.