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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: 100cfm who wrote (2293)8/30/2001 3:04:21 PM
From: Uncle Frank  Read Replies (1) of 5205
 
>> Today I feel very confident that all my calls will expire worthless but on the other hand I'm starting to feel my portfolio is going to expire worthless.

You've identified the potential downside <gg>. The only thing that makes cc's worthwhile for me is the underlying assumption that I've invested in companies that will survive and prosper over the longer term. If I felt otherwise, I'd simply buy puts. Based on this week's trends, that might have been a good idea :-(.

>> Curious to hear from you, UF and others if you come out better with the sell and buy and sell again or the hold till expiration.

I'll give an accounting when my order to close qcom October70s fills. It looks good, though the underlying doesn't, of course. But that's just temporary (knock wood), right?

duf
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