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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Gary E who wrote (3807)	6/13/2002 5:45:27 PM
From: BDR	Read Replies (1) of 5205

Well, it is a bit hard to write covered calls for a net profit in a bear market. Some people here are not looking for short term profits but for additional income from their core position (e.g. Mike Buckley). I am looking for short term profits but the market has turned down and that doesn't look like that will happen with the June expirations. May was a lot better. "If anyone has a real time exapmle's ...speak up.... Post what stock you are buying and the call you are selling....maybe we will all learn something..."" Message 17283002 GMST bought at 9.50, sold May 10 calls at 1.25 Message 17486085 Some were called away at 10 for a 17% gain in 5 and 1/2 weeks. Not every trade is a loss, just as not every trade is a gain. The profitable ones can be very profitable and the losses, with enough time, will become either less of a loss or even a gain. Be patient. Definitely don't believe anybody who tells you covered calls or anything else is the key to wealth.

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