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

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To: robwin who wrote (12793)5/25/2000 8:39:00 AM
From: Herm  Read Replies (1) of 14162
 
You have to sell that stock short on the open market. You are too late to sell at your $85 target. The only restriction is that selling short requires an up tick on the price. So, if you are trying to get that higher price of say $85, someone in that trading would have to trigger an up tick before your sale would be absorbed. This is done to avoid massive program selling to cause a collapse in the market price meltdown like we saw in 1987.
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