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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 (8473)9/4/1998 11:01:00 AM
From: Dnorman  Read Replies (1) of 14162
 
Herm: While I am writing this I am watching my potential put candidate FP vaporize. I was looking at buying the Oct 22.5 or the Oct 20 Puts at the open. I decided not to because they appeared to pricey at $5.50 which was $2 higher than the Oct 25 calls. I seriously considered writing the naked calls for the $3.50 premium.

The stock is off $3 1/16 so far 1 hour into the day! If I have a stock that shows all the bad signs in a bear market can you give me any sideshow strategies if I were to write the naked calls?

Thanks Dennis
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