How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Joe Montgomery who wrote (8478)	9/7/1998 8:52:00 PM
From: Herm	of 14162

Hi Joe! Nice profit hit from both ends. You stuck it to your CC buyer and used his/her money to hedge and leverage on the short side with the PUTs big time! Don't you love it!!!!! :-) I still think CPQ will bite the dust some more when I look at the chart. Sideways is the best CPQ is moving right now. Mergers and dropping computer prices will crimp CPQ margins even more. They were the first to drop computer prices. Now, INTC chips are moving towards the under $1,000 computer market and CPQ is having a fit! Lower margins I guess! Continue to hold what you have and milk the CCs down some more and let the PUTs do their thing until the day BEFORE Sept. options expirations. Some poor soul will be begging for your OCT PUTs!

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