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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (132)	4/21/2001 11:47:53 PM
From: BDR	Respond to of 5205

<<Confused the hell out of me, but that's easy to do <gg>.>> My screw up doesn't help. Maybe I should start over. The point I was trying to demonstrate was that by selling Jan '02 LEAPS calls now on certain stocks one could lock in 35% gains in a flat or up market between now and Jan '02 (9 months from now) and protect your capital against a drop of up to about 25%. I thought that was a pretty good, low maintenance position. The confusion came about when I muddled the dates by mistyping '01 and '03 LEAPS instead of '02. (Actually I was just trying to prove my credentials for posting on the Dummy Thread) dDR