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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: Herm who wrote (13481)1/12/2001 4:31:54 PM
From: PAW  Read Replies (1) | Respond to of 14162
 
Herm,

I have just gotten back to all the info from you. A lot of it is much more advanced than I can understand at this time. I do appreciate your taking time for trying to enlighten me though. I will study the charts more closely to try to figure it out better.

I should have waited a day to do a covered call. Is that right. You said write it at its peak and I did it at the bottom. Now I am stuck till it goes back down, right. Then I can buy back the call and wait till it goes up then write it again for another premium. This time at its supposed peak. Is that what you are saying? Not necessarily on this stock, but using it for an example.

I hope to get a few more old messages read today also. It is interesting reading and a good way to become familiar with terms and actions.

Thank you and good trading to you.

Pat



To: Herm who wrote (13481)1/13/2001 6:42:12 AM
From: SPSEIFERT  Read Replies (1) | Respond to of 14162
 
How would you take the profit? Buy back the option and sell the stock? Let the option expire and sell the stock? Let the option expire and sell another option?