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Technology Stocks : Cymer (CYMI)
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To: slipnsip who wrote (17469)5/13/1998 11:13:00 AM
From: George Coyne  Read Replies (2) of 25960
 
<< Downside is no different than that of holding the stock by itself. Actually less due to the premium you get from writing the call. >>

True, but there is a downside, and it is the same as naked puts on the same no. of shares. You are not covered on the downside in either case.

G. W.
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