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: HF who wrote (1734)	4/17/1997 10:55:00 PM
From: Herm	of 14162

Hi Hank, The point I'm trying to make is that most covered call writers worry about being called out to extreme. By that I mean, they panic and cover their calls AT A LOSS! That's nuts to me! If you are working the stock up and down you are making money anyway. So, being called out is not the end of the world! You can jump back on board. Yes Hank, I will continue to milk ROST (even if I'm called out) as long as the fundamentals don't change. The other factor is sector rotation. Retail is in right now. There are other opportunities always presenting themselves. I figure there will be one or two more trys for ROST to break through the $29 resistance level before it rolls back some before the next earnings report. You can continue to make money up and down by agressively working the stock with the PUTS and CALLS on the side.

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