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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: PoetTrader who wrote (3008)	11/11/2001 10:42:34 PM
From: Uncle Frank	Read Replies (1) of 5205

>> I tried to roll out to Jan 03 Nvda 50's per Uncle Frank's advice and still have not gotten the trade through... PT, I'd like to point out that I presented you with 2 alternatives I thought might be useful, but didn't make a recommendation. Now that you bring it up, if I were in your position, I would open door #1. 1. Take your profit on the trade as if it were a successful buy/write and move on. You'll receive 33.30 on a 30.00 investment, which is a handsome 11% return, and will have cash in hand to buy nvda or something else on a dip. My bride went through something similar with extr, and opted to be called out. It wound up saving her a bundle, as extr retraced shortly thereafter. bwtfdik duf@i'mapilgrim,too.com

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