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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Jon Khymn who wrote (4236)4/21/2004 10:34:33 PM
From: Dominick  Read Replies (1) of 5205
 
Looks like your calls have $0.25 remaining and the stock is down about $24.

If you're having 2nd thoughts about RMBS, one strategy would be If you bought the stock at $28 and wrote calls for $1.50,(0.25 buy back), your basis is $26.50. You could sell the Aug 25's for $3.00 which will give you a new basis of $23.50.

If called, your percentage return would be 25/23.50= 6.38%.

dom
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