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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Greg Higgins who wrote (10409)4/17/1999 1:37:00 AM
From: FruJu  Read Replies (2) of 14162
 
Thanks Greg,

That was a very informative post on LEAPs.

So your general strategy is to always roll, unless you're very deep in the money. How do you define "very deep" in the money? I presume that even if the NUT is above the short strike price and you're not expecting the stock to continue to take off, you'll pay to buy back and roll out to get the time premiums (this seems to be somewhat different to Herm's strategy which is to be conservative enough that you would always allow yourself to be called out with a profit).

Do you use the protective upside calls and downside put protection?
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