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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Mark who wrote (4229)8/30/1997 11:17:00 AM
From: Vol   of 14162
 
100% return on an investment sounds good to me ($2->$4). Still gota figure in those commissions, though. This example begs the question - after you sell a cc should you place a good-till-cancelled limit order to buy back the call at one-half the price? One-third the price? I'm leaning toward a limit order to buy back a cc at one-half of the price for which I sold it. It also saves me the time of constantly checking the price. Comments?

P.S. I feel your pain on those commissions, Mark. Hurts us little guys, unlike steve with his 100's of contracts :). I'm looking into Pacific Brokerage Service - low commissions on stock and option trades. Anybody got any experience with PBS?
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