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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: fmikehugo who wrote (3662)4/13/2002 11:25:00 AM
From: Dan Duchardt   of 5205
 
Mike,

The full quote was "Many times the buy back price is so low that it is pointless to hold the short call any longer, which, as Allen has noted, means your core stock has taken a substantial dip."

Immediately preceded by the sentence setting the context for what followed

"People are frequently buying back their short calls at a profit long before expiration, hoping the stock will go back up so they can write calls again."

Dan
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