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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Bridge Player who wrote (4441)8/30/2006 7:53:50 PM
From: alanrs  Read Replies (2) of 5205
 
It's the curse of the public post. I bought some INTC a while back for $18 something and watched it go south. Thought about selling the 20 call as it passed 19, but sold instead for a small gain. That's the 2nd time I've done that recently. Taken all the risk, held as it drops 12%, sold when I've got a 3% gain only to watch it move up another 5+%. I've owned a little INTC for a long time but have never gotten the hang of timing it right.

And I'll be damned if I'll say a word about any calls I sold today or puts I repurchased. ;>)

ARS
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