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

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To: David Lind who wrote (11993)12/4/1999 3:39:00 AM
From: Joseph F. Hubel  Read Replies (1) of 14162
 
Strange thing with CYGN. Yesterday (12/2) I bought CYGN limit 9 9/16 waiting for it to come off it's high and then sold equal Dec 10 calls limit 1 9/16 but only got a partial fill as the stock continued to below 9. Yet today (12/3) was able fill the rest of the calls @ 1 9/16 even though the stock was still under 9. Then surprisingly even though it recovered only to 9 1/4 the calls closed up @ 1 5/8 x 1 7/8. The calls must have been getting heavy play if not the stock.

Who would think the stock price drops and the call premie goes up. Would have made a +.75 share greater profit potential.

JFH
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