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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: surfbaron who wrote (2595)	10/8/2001 6:19:54 PM
From: alanrs	Read Replies (1) of 5205

Agree with poster who felt Qcom too low to sell CC's. I bought .VLMAT (Q Jan 03 100's-my favorite) on Fri. for the first time in many months. I have been buying various calls for a few weeks now. Premiums low, market just took a dive, etc. Who knows what tomorrow brings, but it makes sense to me to sell calls when premiums are high (mildly bearish), buy them back when the market tanks (neutral), and then buy some calls outright if further tanking occurs (mildly bullish). I look at it as playing the odds a little, without actually knowing what the odds are, since I am unable to process the many data points accurately (butterfly wings in Brazil and such). ARS

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