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

To: EnricoPalazzo who wrote (291)	4/26/2001 5:44:04 PM
From: TsioKawe	Respond to of 5205

Arde...When I say I dont might getting called on ARBA let me explain... When I purchased ARBA, the calls gave me some protection...because it was going to be a short term trade anyway...so to sell the stock after repurchasing the 7 1/2s simply would have been a loosing trade, so I purchsed the in the money 5's which passed along the risk to the buyer ( or so I think) and left me in a near break even/slight profit position, unless of course the ARBA common tanks below 5..then Its a whole new ball game..(my commmon woul still be in the RED at this point) but not so with the 5s CCs... At this stage I would rather starve to death then make a mistake.. Thanks for your insights and Options posts.. thanks a Trillion Tsio