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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mathemagician who wrote (2464)	9/22/2001 2:11:54 AM
From: LindyBill	of 5205

Part of my point was that arbitrarily setting it to be the same is a statistically certain way to lose money over time Yeah, I did not agree with the concept of setting the point the same both ways, just did not want to argue it yet. Sorry if I missed your point. My thinking right now is that the market has a downward bias for the next couple of months. Therefore, I am willing to let a short sale go up a more to wait for the down move. I am saying .75 as a cover point, but, in the amounts I will buy, I could cover .25 and make money. Also, I will look at doing it in other stocks than QQQ. I appreciate your input because I really am new at this, and have one hell of a learning curve ahead of me.

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