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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (1130)	6/21/2001 10:53:36 AM
From: PoetTrader	Read Replies (1) of 5205

Faultline -- Okay, I tried to incorporate both my aggressive and safe strategies to my cien positions...this is my plan...please advize, comment, etc... on the 200 shares at 36.35 ..I want to sell jul35's at 6.40 reducing my basis to 30.00...if I get called out I make 1000.00 on 6000.00 which is 17% or so.. (if I'm figuring correctly) Here as the trader I don't care if I'm called out on my 200 at 56.15 and 100 at 61.58 -- I plan to sell Aug45's at 3.6 and will buy out and close before expiration...here as the ltb&h I want to preserve and reduce cost basis...I think I figured at 8% Okay...what do you all think...is this DUMB? or what??? thanks in advance...Best, PoetTrader

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