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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 (12172)1/14/2000 11:48:00 PM
From: PeterCS  Read Replies (3) of 14162
 
Hi,I am new to this thread and also fairly new to cc's. Herm or anyone else who can help and would tell me what they would do in the following situation. I bought IFMX at 7 15/32 and waited for it to move up and then wrote the IFQAU option (Jan 7 1/2) for 2 1/8.Using the Wins system I should have done something at 9 19/32 but I didn't.I still need to learn to control my emotion and just act.
At this time IFMX is at 11 and and IFQAU is at 3 1/2. With just a few more days left I do not know if I should just let it be called away. I will make 2 1/8 in about 3 months, or would it be better to roll up and out?
If you feel I would do better to roll up could you tell me what option you would consider.
All help would be appreciated.
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