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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: bvinnieb who wrote (1047)6/14/2001 11:49:12 AM
From: cfoe  Read Replies (1) of 5205
 
Are you holding the stock long?
Yes. And QCOM is the only position I have sufficient stock in in my IRA to play the CC game meaningfully.

If so, what is your cost average?
Single digits.

So for now (and G_D willing never) I do not face the problem you describe.

I have tried selling naked puts on a very limited basis in my taxable account. I found you can be faced with a similar problem if the stock drops significantly below the strike price of the put. Buying the stock gives you an immediate loss of capital.

Hope this helps answer your question.
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