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

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To: Dan Duchardt who wrote (12337)2/11/2000 5:50:00 PM
From: Dan Duchardt   of 14162
 
TVGIA MAR40 (New yesterday. Wish I had waited a day to write this one)

Wishing it even harder now. I actually tried to put in an order to sell MAR42_1/2 on this yesterday, but it seems those are not trading even though I found quotes. Would love to have written the 45. Isn't hindsight great?

The thing that really has my attention now is the 2 point spread on all the quotes. I guess when an option only trades on 1 exchange the specialist can do stuff like that. I was hoping I might get out of this thing early if it stays up here, but with that spread I might be in until expiration. There's not even a decent roll-up opportunity with spreads like that. At current prices it would cost 4_7/8 (9_1/4-4_3/8) to roll up from MAR40 to MAR45. That borders on criminal.

Dan
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