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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (2511)9/25/2001 2:39:57 PM
From: LindyBill  Read Replies (2) of 5205
 
The only problem with your profits on the CC's, Frank, is that your underlying stock loss was probably 3 times what you made on the CC's. I made big bucks a few months ago on my first sale of CC's, but lost my ass on the stocks at the same time.

My only positive was that I would not have sold them during this period, so the money made was a plus. That is probably how you are looking at it. However, I would have been way ahead if I had got out instead. CC's are great in a flat market, as you have pointed out here. But they are a small consolation when we are taking the beating we have this year.
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