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: Herman J. Matos who wrote (4)	11/10/1998 12:38:00 PM
From: Vegas	Read Replies (2) of 14162

I'm new to covered called writing and have a (basic) question for anybody to answer: a dip in prices means you look to cover and rewrite your covered calls. I'm not sure how to 'cover'. So far I have only wrote the call then waited until it expired. Many times it would have been more advantage for me to cover and rewrite especially when the call is 2-3 months out... I am assuming I BUY OPEN? (I use E*Trade if anyone is familiar with that) Thanks JF

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