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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: LindyBill who wrote (2018)	8/15/2001 2:44:07 PM
From: Andrew N. Cothran	Read Replies (3) of 5205

Lindy Bill: I don't know if I am right either. It is just a theory. But when one studies past action, it is uncanny how a particular stock seems to gravitate toward that strike price with very large open interest, particularly if the price of the stock is any where near the strike price as the options expire. I have gone back in time on several issues. The pattern on each of them is a similar one. Even if I am wrong about the "big boys", it is gratifying to be able to discern a playable trend and get aboard for a few dollars from time to time. I have done it now successfully in QCOM for several expiration months. It looks like I might do it again on the August 65's. But if I am wrong, I am hedged and covered so that it will not hurt the bottom line. And it is fun playing the game.

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