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 (8634)	9/20/1998 9:23:00 AM
From: Dnorman	Read Replies (1) of 14162

Herm: I put on paper for those of us who don't own BTGC, 3 ways to enter the stock. I came up with the following alternatives based on a $5 price. 1. Buy 1000 @7.25 = $7250.00 sell 10 Oct 7.5 calls @ 7/16 = $450.00 makes nut $6.70 even with selling ss put premies my nut would be $6.45 with the stock wort $5.00! 2. Sell 10 Oct naked puts @ 7/8 = $875.00 if I get put at $7.50 my Nut is $6.625 stock is still worth $5.00. 3. Exercise patience and let the stock go down to lower BB and buy it then, Nut = $5.00 or less. Dennis

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