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

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To: NateC who wrote (11668)10/18/1999 11:57:00 AM
From: Herm  Read Replies (1) of 14162
 
Thanks Nate for that update on CCing LEAP. You did a very nice series of defensive repairs with your LEAP stock position! After that bout, you can handle just about anything the market can throw at you and still survive.

It would thrill me to hear all of our lurkers and readers are able to doing exactly what you had to do and execute it perfectly. This is not rocket science theory or hype. It is barebones defensive survival techniques. Every person can learn this and survive to capture the market turnaround.

You earn the CC Cowbow award Nate! Ride Em and now make that profit on the rebound. You will most likely see an extended sideways period of time. So, you could go out more months on those CCs and perhaps average down by adding more LEAPs to the pot. Looks like you are on your way to perhaps a 100%+ ROI in a years worth of time as those LEAPs just keep generating CC income over and over.

Question? Do you leg into the CCs against the LEAPs? What is the process for you to setup the spread at your brokerage. That is another area I need to write about for the CD project.

By the way, I registered my domain name(s) last week, secured a business web site, applied for the trade mark registration, and banged out a new web page design. The features will be very clean and informative.

New lurkers can download the free WINs PowerPoint presentation to learn how to CC dance like Nate shared with us. webbindustries.com
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