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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (4588)8/21/2010 11:22:34 AM
From: skinowski  Read Replies (1) of 5891
 
A little overall comment, if I may. You started the trade as WFR was declining into support near 12 - 13. That was a technically appropriate entry. Unfortunately, that support was broken, and the stock kept trading between roughly 12 and 10.

With a decline from 13.19 to 10.48 you managed to stay even, overall. That shows that the system is a good one. If the stock would not be declining, but going up or staying level, that would be a very profitable trade.

I am interested in this way of trading - have been doing it for years with DIG, UNG and others, on a smaller scale. In fact, yesterday initiated a position with PFE - selling near ATM September covered calls and naked puts. If filled on puts, next month will sell more calls - and fewer puts.
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