How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Morgan Drake who wrote (11071)	6/18/1999 3:33:00 PM
From: Dan Duchardt	Read Replies (1) of 14162

Any suggestions for tomorrow, thread? We should all have problems like yours Morgan. Not bad when a broker hassling you turns into an additional $100K profit. Anyway, if you haven't already thought of this, you can force them to do the following transactions in sequence. (I assume your cash is available immediately after selling stock). QCOM now at 126+. I used 125 per share to give a little room to cover commissions. All you need is $6000 plus commissions to force their hand. If you have anything else in the account you can sell to raise this cash you are all set Exercise # Cont. Cost Cash in stock Buying power 1 6000 12500 25000 4 24000 50000 100000 16 96000 200000 400000 66 396000 825000 1650000 113 678000 1412500 200 1200000 2500000 Dan

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