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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 (8761)	10/6/1998 10:38:00 PM
From: JimsJeeps	Read Replies (2) of 14162

Hi Herm and fellow WINS Warriors! I just sold some CPQ bear trap puts at a nice profit. Only a week ago I thought I was going to take a small hit, as some of them were October 22.5's. But today I was able to sell those and some January 20's at a profit. I started with 100 shares of CPQ in October 97 at 67 1/4. ( Obviously I had not found this forum to learn not to buy at the top of the cycle!) Since then it has split 2 for 1 and my nut is down to $24.20. Thanks Herm and all for sharing your knowledge. I may have unloaded them a bit to early, but a nice profit was there and I took it. If I am reading the chart correctly, it should be due to turn around soon. Any opinions would be appreciated. TNSI has been the only thorn in my side. Just does not want to take a dive, so it looks like my October 17.5's are not going to amount to anything. That is the only play I have made so far, utilizing WINS, that has not panned out. Good Trades to all.....Jim

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