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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (2034)8/15/2001 5:46:33 PM
From: rydad  Read Replies (2) of 5205
 
Please explain to me why you choose to close your position ( I assume that means to buy back your call) .

why not let it keep going? Is it better to write/buy back then write again? Is the idea to buy back (close) when you see a dip in stock price then sell again?
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