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

To: JohnM who wrote (1218)	6/26/2001 12:38:11 AM
From: BDR	Read Replies (1) \| Respond to of 5205

<<the call writer would not see the full extent of the dilemma until it was too late.>> Playing what if games ahead of time like you are doing will help you realize the problems that can develop. Knowing the available repair strategies also helps. Otherwise by the time it sinks in that you have a problem and you start scrounging around for some help it is too late. <<So you would recommend just biting the bullet and letting the stock go?>> Yes, but that might depend on whether the shares are in a taxable or tax exempt account.