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Strategies & Market Trends : Calls and Puts for Income

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To: Jerome who wrote (3187)10/14/2008 3:24:07 PM
From: kaka  Read Replies (1) of 5891
 
Jerome,

re: 'I'll stick my neck out and suggest GM...Buy the stock and sell some calls against it....sell some puts below the stock's current price.'

How many shares? Covered calls for which expiration/strike? How many put contracts at which expiration and strike?

cheers,
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