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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Dr. Id who wrote (3222)1/10/2002 2:42:15 PM
From: Dominick  Read Replies (1) of 5205
 
My strategy is to get 3% or 4% per month or more and be called out to free my funds for the next opportunity. I do have other stocks that I write and don't want called.

Buying HAL @ $11.14 and write for $2.10 lowers my cost basis to $9.04. If I'm called I get 10.62%, (10 / 9.04).
If not called It's 18.85%, ( 2.10 / 11.14).

The gambling part is will HAL be here in February due to a rumor of bankruptcy.

dom@hopei'mright.com
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