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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (5112)	3/18/2011 3:41:06 AM
From: Hepps	of 5205

I completely missed the VIX spike the other day and left a good amount of money on the table. At the time I wasn't sure if the move would continue down or bounce. I guess predicting the short term future is still one of those things that I'm not very good at. If Libya is hit today or additional issues with Japan push the market down, I'll start to get back in with some OOTM puts on MSFT, QCOM, and IWM. COB tomorrow I'm going to lose my IWM 78 calls; I'm torn between rolling them out today and letting them get called and then selling 75 puts next week. I don't have a good decision mechanism and will likely go with my gut. Fundamental question is "How soon does the music stop"? Good luck Hepps

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