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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 (799)	5/25/2001 4:47:45 PM
From: Judith Williams	Respond to of 5205

duf-- reestablish your position with minimal pain Thanks duf. I've never sold puts before with the intent to buy down my entry price so I thought I'd let them ride for a while. It's not that I don't believe we are headed for a correction, but that I don't have a clue one way or another. One real disadvantage of this put-selling strategy, I've discovered, is that you have to be able to watch closely. SEBL swings a lot intraday and I haven't been able to catch it on a downer yet. Today looks as if it may be one of those times when it actually closed near the low of the day. Of course, 52 is a bit away from 45 <<gggg>> so you're right. So far my strategy ain't going according to plan. --Judith Williams