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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: TShirtPrinter who wrote (3939)8/26/2002 5:30:12 PM
From: JohnM   of 5205
 
Thanks, Tony.

I looked at the 32.50s but decided the rewards don't balance with the risk.

I'm torn. I think the next month is ok but am unwilling to sell calls further out. I can't tell if we are still banging away in the same ol' 24-30 trading range, just at the upper edge, which is most likely and the reason to consider selling the calls, or building a new base.

I purchased Jan 03 25 calls for $5.80 some time back and was holding them expecting a big run up. Gave up on them last week. Sold them for $7.00. That produced a little over 20% gain in about 5 or 6 weeks. Not to be sneezed at; but not the bigger money which was the reason for buying them.

Now, I'm considering buying them back, or the Aprils, if stock price dips back into 25 range.
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