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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dan Duchardt who wrote (1820)	8/6/2001 9:34:38 PM
From: LindyBill	Read Replies (1) of 5205

as a newbe dummy I sold Sep calls on Aug 2nd. That was far out enough to get decent premium, without trying to predict where the market will be in 3 or 4 months. My attitude is that I think a Bull Market is at least a year away, and I don't see any of my stocks making any big moves before then. I figure I can write these calls every couple of months and have a pretty good chance of making some money. I could also make a case for writing calls further out and buying them back if I think the market is moving. All I know for sure is that there are a hell of a lot of ways to skin a cat in the option business.

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