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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (3431)2/22/2000 8:14:00 PM
From: uel_Dave  Read Replies (1) | Respond to of 8096
 
Thanks Poet, I will go with your suggestion of AUACI for 1/2 and then 1/4 on the AUACJ ( 150s ) and the final 1/4 on the 155 ( if required ). I am willing to lose the shares since they are in a tax sheltered account. Once I am comfortable with them, then I will sell CCs on outside the tax sheltered account.

David



To: Poet who wrote (3431)2/22/2000 9:51:00 PM
From: jmac  Read Replies (2) | Respond to of 8096
 
The premium deterioration will quickly turn on a dime if the Q has a 10+ up day. I don't see that happening any time soon, but all it takes is one good announcement and you will wish that you didn't sell covered calls. I've done it before but am a little nervous about cutting off the up side to get a few points on cc. I'd consider doing it if we got back to 137-140.