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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: BDR who wrote (1588)7/23/2001 11:21:25 AM
From: Thomas Tam  Read Replies (1) of 5205
 
Thanks all for the advice, (I still have 1000 shares long) I am looking at buying back selectively the naked calls (except the Jan and Feb 50s - if called so be it, and a decent return at that). The Aug 35s are actually covered at present and am looking at buying back once a little more profit is made. The many suggestions have been useful as I contemplate the next round of action.

Question for everyone, is it worthwhile to sell really out of the money LEAPS say the SEBL Jan 03 80s which are still paying 3.40-3.8? I just can't see the price tripling again given the amount of turmoil that has gone on.

Later
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