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

To: PoetTrader who wrote (2197)	8/23/2001 11:20:15 AM
From: BDR	Read Replies (2) \| Respond to of 5205

For the long equity position you could sell Jan 5 Calls for .55. Small consolation. What do you think the chances are of it going above 5 by then? And, if the chances aren't good, would you be better off selling and holding cash or deploying the capital elsewhere? (Gosh, it's easy giving this advice to others. Someday I will listen to myself.) Long calls- I don't see much hope there. Buying back for .05 and rolling to the 5 strike would only be compounding the problem unless you felt sure a turnaround was imminent.