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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (973)6/8/2001 4:29:42 PM
From: Uncle Frank   of 5205
 
Another Dummy Alert!

I mis-spoke.

6/6: wrote sgwfj @ 3.20
6/8: bought sgwfi to close @ 1.40
Net* = $1.80, a 3.5% return based on the price of sebl at the time of the sale.

As I reviewed my paperwork, I found I wrote those options at 3.10. That changes the computation to

6/6: wrote sgwfj @ 3.10
6/8: bought sgwfi to close @ 1.40
Net* = $1.70, a 3.3% return based on the price of sebl at the time of the sale.

duf@dumbbuthonest.duh

Note: I figured I better confess before one of you caught me <gg>.
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