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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: lml who wrote (5139)	4/14/2011 12:48:53 PM
From: alanrs	Read Replies (2) of 5205

No doubt you are right about how to enter an order that rolls out a position, I just don't think about that as an option, I'm not sure why. I looked at my ETR 70 put in that light, since it will be assigned to me tomorrow, and see where I could close it out and sell a different strike/expiration to reduce the loss (currently around $270) but decided against it. I suppose the reason is that I'm willing to own the stock and sell a 70 call against it, collecting the 5% dividend along the way if I end up owning it for a period of time. Not that much different financially, assuming this, that, and the other about the stock price. ARS

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