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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: M. C. Orme who wrote (388)	5/2/2001 1:45:07 PM
From: FaultLine	Read Replies (1) of 5205

dcmo, thanks for that info. The willingness our posters to explain their transactions and reasoning in a pedantic manner (NOT a knock <g>) has made it a lot easier for everyone to appreciate how straightforward and yes, even conservative, writing covered calls really is. I thought about waiting to see if they would rise before covering (GREED!) but then decided the appeal of this strategy to me is I don't have to watch, wait and be prone to second guessing. I know what is generated and I can let it ride unless it drops past my breakeven. I feel exactly the same. But just for the sake of discussion, what does "unless it drops past my breakeven" mean? --dfl PS dmco is too close to docomo!

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