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

To: StockHawk who wrote (768)	5/23/2001 9:36:08 PM
From: JohnM	Respond to of 5205

Thanks for the info on stop losses. Helps. A couple of quick points. I was not thinking of that close a stop. I would plan to use it to head off some much larger potential catastrophe. I bought the shares at $14.03, so, given the volatility, I would put the stop just below 9. I would, obviously, lose money, but that's the point at which the price moves below the April lows. That's uncharted territory. Reason to look elsewhere. A second point. I've tried to think about the issue of stopping out of the stock but still holding the call sale. Not where I want to be and I don't know how to anticipate that possibility. Is it possible to put holds on option premiums? Would that be wise? Stupid? John