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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: TShirtPrinter who wrote (923)	6/6/2001 8:52:56 PM
From: Dr. Id	Read Replies (2) of 5205

Well, I know it's not the game here, but I sold Sebl July 35 puts a few days ago. Got 2.50 for them, today they're worth about 80 cents or so. Waiting for them to get down to less than .50 and I'll buy them back... The only negative of the play is that it ties up margin room (they move the money to cover the play from the margin account to a cash account...no interest payment, but less room). I think it's not a bad play in a downtrending market, as I picked up a nice premium and would be very happy to own SEBL at 32.50 if it were to be put to me. Dr.Id@afterIpromisedmyselfIwouldntsellputsagain.pov

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