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 (9316)	1/1/1999 6:38:00 PM
From: Johndee	Read Replies (1) of 14162

Hi Herm, What you say is possible, but what I did was also buy BTGC at 5 13/16 a couple of weeks ago. Wed. I sold the apr 7 1/2 CCs for 1 1/8. That way, if it doesn't pass the Heavy resistance of 7 1/2 by Apr, my basis will be lowered to 4 13/16 after comm. If it does pass 7 1/2 and I get called, I'll have made 1 11/16 on the stock and 1 on the option. If it doesn't get called I can cover or let it expire and write again. How's that sound to you? Happy New Year Johndee

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