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Strategies & Market Trends : Covered Calls
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To: Terry Maynard who wrote (46)5/14/1998 4:56:00 PM
From: tchphysics  Read Replies (3) of 86
 
I jumped in on FPAM today with a buy-write. Bought the stock at 11 3/8 and immediately wrote June 12 1/2's for 1 1/8.

Provides a nice 10% return if expires and 20% if called in a little over a month.
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