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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Douglas Webb who wrote (6610)1/29/1998 8:24:00 AM
From: Jonathan Thomas  Read Replies (1) of 14162
 
Doug, I like the idea of dropping the 5 G's into the position and making sure I come out ok. I used the spreadsheet, and like my chances with a NUT of $7.75-8.00 This may be a dumb question, but can you explain how the transactions will work in this deal. Since I am covered, but short on the 29 calls, what options do I have before expiration, and on expiration. ie....what do you do to close this position? I'm sorry if this is a stupid question, just need to make sure I understand what I need to do.

Thanks for all your help

Ryan
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