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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Terry Maynard who wrote (7717)6/20/1998 1:55:00 PM
From: Herm   of 14162
 
Alright Terry,

My leaning towards a recovery spread is a result of my experience with many stocks turning on me when I covered and rolled up. I figure if I can execute the spread with little or no new money out of my pocket, I'm ahead of the game. Further, if I have to close out the spread (if and when the stock starts moving south) I can eventually cover my original CC as well. I would venture to say you can maintain better control of the price appreciation or depreciation. The indecisiveness of not knowing what to do and when is what will blow the opportunities.
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