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

To: FaultLine who wrote (861)	5/31/2001 11:17:55 AM
From: JohnM	Respond to of 5205

Under these circumstances, you win or you win. The only timing then is by how much you win. Certainly looks that way right now with NUFO. Just closed out the position for .25. Since I sold them for $1.30, that's some fine small change. Too bad, greed speaks here, I wrote only two contracts. Though, the other side of that is the present price of NUFO. I bought the buy/write shares at $14.03. Today's most recent quote was $9.68. Looks to me like that's called a "sharp" downturn (g). As for selling the July calls, I'm going to watch the premium price movements over the next several days before doing anything. John