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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: hpeace who wrote (1420)3/20/1997 2:36:00 PM
From: Baja Don   of 14162
 
To Steve, Herman, and All,

April 25c in the money-

I guess what I'm asking is when do you buy them back. March 21 or April 18.

Example- April 25s quote 1&3/8. May 25s quote 3&3/8. You could buy back the April and write the Mays and pick up 2 points.

But not all stocks have the Mays. Some stocks jump from the Aprils to the Julys. So, if you didn't want to go out to the July's, would you buy back the April's, wait a few days and then when the May's became available, write the May,s then. Or do it all at once when the May's are .available? How much danger are the April 25s getting called on March 21.

Hope I didn't confuse everyone.

I'll get through McMillians one of these days. Always seem to fall asleep.

Thanks,

Don
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