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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 (13106)8/3/2000 3:55:54 AM
From: jaytee  Read Replies (1) of 14162
 
Hi Herm
Anyone have thoughts about Virgil's CLZR?
Here's weekly chart

siliconinvestor.com

What do you think about the FEB 01 7.50's (buy @ 4) and NOV 12.50's (sell @ 1.125) approx 29 pct.

Thought about earlier expir'y dates to squeeze in more (sooner) round of cc play . . . but perhaps that's a bit greedy? Maybe only a good idea if there was to be a downturn in stock before the SEPT expiry date (and cover/and sell cc again). . . but that doesn't look to be in the cards as the stock looks to be heading north?

Having seen the chart I thought maybe the further out date of NOV would be preferable . . . and the 12.50 call sold would make sense (?) as the 12.50 level is attainable . . . and if I were to get called out I would pick up another buck over my "nut" of 11.50 (4 cost plus 7.50)

Can anyone offer opinion?
jaytee
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