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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JohnM who wrote (2072)	8/16/2001 9:21:12 PM
From: Road Walker	Read Replies (2) of 5205

John, re: But, like you, I'm a worrier. I keep buying back my calls too early. Always thought that cartoon was about me. The trick is to have a balanced mix of optimism, and a healthy respect for the inevitable turn against you. When that freaking cloud breaks into thunderstorms. Insurance companies thrive on folks like you and me. One of these days this market will really rally. And people with CC's will be miserable, and forget the good days when they pocketed cash at the expense of the bulls. It's all a calculated risk, if doesn't much matter what you do, it's when you do it that makes profit or loss. I also covered my last outstanding short covered call today (INTC Aug 30's). I feel great about it. If Intel had gone to $40, my emotions would be a lot different. And when you are calculating risk, it's always good to quantify the downside. Especially after a win. John

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