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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 (4230)8/30/1997 12:41:00 PM
From: hpeace   of 14162
 
MArk, the answer to all your questions are simple.
cc'ing is not for everyone.
I held out and got 4 for most of my 37.5's and 3.25 for other parts..
so it made the trades very profitable.
But, when it went to 42..I was very unemotional about it.
I knew it would come back. I stated so many many times and told people "DO NOT REPAIR"
I said it would come down back toward 35 after the expirations of august and it has.
a cpq announcment just pops it to 42+ again and then it falls back.
earnings and forward statement have to take it to 45-55.
There is nothing wrong in just buying amd and doing nothing, remember i recco'ed that for 95% of the investors would make great money doing that. last yr had you done that in amd you would go from 10 to 40..
so far, I've got to collect covered call money and selling naked put money and prot. put money and upstrike call money and still get stk appreciation.
I would say the best thing for you is just sit on your stk and NOT TRADE OPTIONS.
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