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To: samson who wrote (8047)8/1/2000 2:52:14 PM
From: Jill  Respond to of 8096
 
Hi, this thread isn't active any more, you might try The Options Box and get some good replies.

I'm not sure what your purpose was in buy-writing, was it to get income from cc? You certainly could buy them back for less if RNWK plummets. Otherwise, often if you ride things out they turn in your favor. I.E. if RNWK were to go above 40 soon, don't panic, just watch your chickens closely.



To: samson who wrote (8047)8/1/2000 2:53:03 PM
From: Jill  Read Replies (1) | Respond to of 8096
 
Hi, this thread isn't active any more, you might try The Options Box and get some good replies.

I'm not sure what your purpose was in buy-writing, was it to get income from cc? You certainly could buy them back for less if RNWK plummets. Otherwise, often if you ride things out they turn in your favor. I.E. if RNWK were to go above 40 soon, don't panic, just watch your chickens closely.



To: samson who wrote (8047)8/2/2000 10:39:42 AM
From: Bridge Player  Read Replies (1) | Respond to of 8096
 
You might consider simply letting the stock be called away from you. When you sold covered calls the presumption is that you were willing to lose the stock and wanted to take in the premium. If you like RNWK as a long-term hold then selling covered calls with the intent to scalp premium and not lose the stock always risks buying them back at a loss.

BP