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: Herm who wrote (13475)	1/11/2001 7:01:05 PM
From: PAW	Read Replies (1) of 14162

Herm, I am very new at options. I have been reading your early posts and #33 talks about writing multiple covered calls on the same set of stock in a month. I am curious how that is done. I guess just having an 'in' with your broker. I bought IWOV at 21 1/4 on Jan. 9 and sold a covered call for a $4 premium. The price today was 29. What is my best move now. It is an IRA account so shorting isn't allowed. I am wondering if puts are allowed. I would appreciate any info you can give me. I am enjoying reading your thread. I have a lot to learn. I also have a regular account that I would like to do options in. Do you have any good bets for me. Thanks, Pat

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