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

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To: hpeace who wrote (1385)3/19/1997 7:51:00 PM
From: R. Gordon   of 14162
 
Hi Steve,

So if I understand you, you sold some of your ccs at 25 and some at 27.5.

I just got McMillan's book - he suggests that we buy the stock and sell the calls at the same time so as not to be at risk of hanging out to dry. I see that many or most of the people here will wait till the stock price goes up so as to maximize profits. The delimma seems to be that when the stock price is low as they were today on ROST, it is often a less than ideal time to sell ccs. Your thoughts...

Richard
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