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Politics : Formerly About Applied Materials
AMAT 224.31-1.9%12:38 PM EST
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To: Jerome who wrote (42975)3/4/2001 1:43:36 AM
From: Larry Ames  Read Replies (1) of 70976
 
Jerome,

Appreciate your discussion about covered call writing:

"A real life example. Two months back I bought 500 ATML at 16 3/8 and immediately wrote the 17 1/2's In the course of the next 6 weeks I have written the 17 1/2's, the 15's and the 12 1/2's. Each time I got at least 1 point for the option and undid the option at a price of 1/8. "

What do you do if you get called out at a low level when you may still have a net loss for the series of call/writes? Do you rebuy the stock at the lower level and keep writing calls?

Thanks,

Larry
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