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

To: rydad who wrote (2029)	8/15/2001 4:04:01 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> With that in mind, would the following make sense (to shift the odds more in our favor): When writing a put---write put against a stock in the low end of its trading range. When writing a call---write call against a stock in the high end of its trading range. Precisely. Except, of course, in the case of the buy-write play, in which, as someone pointed out earlier, the mission is to buy the stock at the low end of the range, write the call immediately, and hope to be called out. Now all we have to do is figure out the trading ranges of our holdings. Not as simple as it sounds. duf