How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Vol who wrote (4231)	8/30/1997 5:25:00 PM
From: Rodney Lockhart	of 14162

Volunteer, I hope that is Tenn. VOLS. Didn't Steve go to Texas Tech? Not sure you will get favorable executions with limit orders. If you can watch the stock price closely you'll can get the best price when buying back calls. A rule of thumb is buy back the call if it has dropped 80% in value. If it is close to expiration and has "no chance" of finishing in-the-money, you can let it expire worthless and save the commission. What commission rates can you get from PBS?

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