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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 (8433)8/31/1998 9:05:00 PM
From: Bill/WA  Read Replies (1) of 14162
 
Herm, quick question.

Bought 5 Sept 20, XIRC for 7/16 - 8/18 when price was 23 9/16.

Today the puts where worth $2, stock price at 15 5/8.

Nice gain, thank you!!!!!!

1. Should I hold out for a bigger drop?? My plan was to unload the puts when the stock price got in the $15's, however I was figuring the puts would be worth more than $2 if the price ever got to 15. Was I kidding myself??

Thanks a bunch,

Bill/WA
ps did you ever get my Email - have you ever been to the Sailfish Marina??
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