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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: stockycd who wrote (11103)	6/28/1999 10:30:00 PM
From: Bruce Ravelson	Read Replies (2) \| Respond to of 14162

HI stockycd, Thanks for your thoughtful response to my CC questions. I decided that I needed to learn more before taking a chance on this strategy. Today's action for example. Let's say I bought ENZN @ 17, about where it opened, I think. IF I wrote the 17.5 call, where would I be now. The stcok went above 18, the call is above what I received (or will) and I'm obligated until August (in this example). Do I buy back the call (at a loss) and hold the stock expecting it to run? Do I sit and wait for it to get called and how long might that tie up my $$$? I'll keep learning. Thanks for your advice. Bruce