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To: otter who wrote (19)6/29/1999 5:00:00 PM
From: Toby Zidle  Read Replies (1) | Respond to of 32
 
I can't argue with your strategy, Otter. Selling covered calls is a classic way to reduce your cost basis if your stock continues to be unable to break through resistance.

And if the stock does pop to $50 and your calls get exercised? Maybe you won't be happy, but it does beat having simply sold near $45 instead of writing the calls.


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