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: Herm who wrote (1730)	4/17/1997 12:56:00 AM
From: HF	of 14162

Hi Herm, I have learned so much from you and Steve. I really appreciatel you both. I have avidly followed you down the ROST path. I have played ROST like an instrument trying to do everything you and Steve have done and a little more. It has been a very profitable ride. I don't want it to end. I too have the APR 25 calls and also the MAY 25 puts. I think I should roll up to the MAY 25's or MAY 22.5's. I don't understand your feeling that you don't care whether you get called out or not. It seems that if things are good and they are, why not just roll up your APR 25 calls to the next month. The way I see it is that you could do this indefinitely collecting those nice premiums every month playing the PUTS and CALLS along the way. By doing this you are still in the game. This seeems preferable to being called out unless you really think that ROST has run out of gas, and the only way is down. Am I missing some key point here. Please set me straight if I am. Thanks. Hank

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