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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Jeffrey Beckman who wrote (3583)4/1/2002 2:07:19 PM
From: DiB   of 5205
 
Jeffrey,
my 2 cents:

1) If you're profitable, then let the stock be called, or buy back those calls less than 2 hours before close on expiration Friday to lock profits from calls and keep the common. My personal rule is: "never roll out the buy/write".

2) If the bottom falls off, follow the discipline, stick to your stop loss and get rid of everything. The key is to come up with the correct stop-loss, because these tech suckers are too volatile, and like to head-fake...

JMHO.
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