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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 (643)3/11/1997 11:24:00 PM
From: Paul Heye Jr.   of 14162
 
Herman,

I am in the same situation with USRX. If I understand correctly than I should sell the apr or may call. My cost in is about 73. I would sell the 65 call for the prem. This prob lowers my cost to 70, then wait for the time value to decay or stock price to decline and buy the call back to prevent assignment.

Great thread.

I am not in ROST (no funds until today) from your posts earlier I read that this would not be a good time to enter. TECD looks to be a good one though, I looked into them a little while ago. The very thin margins is what worried me the most.

Thanks

Paul
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