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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: mark yuen who wrote (13397)11/4/2000 9:30:32 PM
From: LTK007  Read Replies (1) | Respond to of 14162
 
i am brand new to covered calls,but have been working on ways one can churn 100k for 10% gain per month without risk.
I must add i don't care a twit if stock is called away from
me.
i have been studying LU,for Nov,and if LU holds or is positive tomorrow,it appears i can lock in a 10k profit for two weeks lock up of 100k(roughly) by buying 4,000 shares of LU,writing 40 calls for Nov20s and buying 40 defensive puts at Nov25---where is my mistake??? as this seems a lock---can't be:) comments appreciated.max p.s. going offline now,so can't respond to a response until tomorrow



To: mark yuen who wrote (13397)11/4/2000 11:38:45 PM
From: LTK007  Respond to of 14162
 
well i found,there simply is no way to eliminate all risk--never is----like trying to invent the perpetual motion machine.back to yeh old options,which require constant vigilance--was looking for an easy way--.max