How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7739)	6/23/1998 10:10:00 PM
From: Mr.24K	Read Replies (2) of 14162

Herm, I am new to options. I have bought some call options a few months ago (done well on some and not so well on others). I still don't quite understand the concept of covered calls and puts. I happen to own 500 shrs of BTGC (bought it at a much higher price than current). I am down close to 50%. If we go on the premise that the stock may have reached the bottom and it may go up from 7 to 9 in the near future, should I sell 500 covered calls at 10 for Aug? and at the same time buy some puts for 10 Aug? What would happen under the following scenarios? if the price went to 10 or dropped to 5? Appreciate any info. Thanks in advance. RF

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