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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (25793)7/18/2000 2:13:37 PM
From: rydad  Read Replies (1) of 35685
 
Hi Voltaire,

I have learned about writing Covered Calls from this thread and have been writing cc for a few months now. I have a bunch of shares of CSCO and QCOM that I thought I could write CC's against. But I don't want to lose any of my shares. Do you know any strategy I can use to make some income from writing cc's on my CSCO or QCOM without risking losing my shares? From what I have learned it seems like I would just buy back the calls if the stock passes the strike price or let my shares get called and buy them back.

Should I even be writing calls on these stocks? I am long on both (that's why I don't want to lose them), but it would be nice to generate some income from them too.

Thanks
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