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Strategies & Market Trends : The Covered Calls for Dummies Thread

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From: ValueGuy	4/19/2011 2:29:31 AM
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Given the turmoil in the markets and the threat to USD, am seriously thinking of exploring the Canadian markets. They seem to have the same types of options on the Montreal Exchange when compared to the CBOE, albeit on a much more limited basis...also seriously thinking of signing for DRIPs with certain companies, but don't know how wise that will be if I am using a covered call strategy and the stocks may be called away... Basic question, when anticipating how much income I am generating from writing a call/put, do I look at the bid price or the ask price? If bid price, does it mean that I won't get anything if there are no bid prices that have been published? Hope everyone weathered the storm yesterday, I know I didn't! Storm clouds will definitely persist for the week IMHO

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