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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (1372)	7/10/2001 2:03:31 AM
From: BDR	Read Replies (1) of 5205

<< Regarding SEBL July 45. I am paying particular attention...>> I haven't been able to pay attention to much that's happening in my portfolio. My work has kept me very busy lately so anything I do needs to be not very time consuming. But I did take a look at the premiums for SEBL and made a move today. After the open this morning I saw that the bid was 0.80 and the ask 0.95 for the July 50 Calls. I put in a limit order at 6:45 AM local time, good for the day, to sell at 1.00 and went off to work. I see I got a fill sometime during the day with the bid and ask back to 0.80 X 0.95 at the close. I am not going to agonize about being called away. If SEBL goes up 7+ bucks in 9 days I will gladly take $50 per share. If it doesn't, I feel pretty good about $1.00 per share for about 5 minutes of my time, no stress, no analysis, very little brain work. dDR, investor of very little brain (apologies to A. A. Milne)

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