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

To: rocklobster who wrote (712)	5/21/2001 3:17:38 PM
From: JohnM	Read Replies (1) \| Respond to of 5205

...instead of selling the calls covered at the top, why not sell naked calls with a buy stop to purchase the stock over the current price Sounds good. I'll have to take it back to my spreadsheets to see how the multiples work out. John

To: rocklobster who wrote (712)	5/21/2001 3:22:10 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> I'm getting awful nervous about long positions right now.. What do you consider "long term", RL? >> instead of selling the calls covered at the top, why not sell naked calls with a buy stop to purchase the stock over the current price.. Might work in certain markets, but since it's a high risk, margin based, timing approach, I'll leave it to the options traders. duf