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

To: BDR who wrote (2198)8/23/2001 1:51:06 PM
From: BDR  Respond to of 5205
 
Doh!

<<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. >>

Selling the calls for .05 (if you can find a buyer), not buying them back.



To: BDR who wrote (2198)8/23/2001 3:40:42 PM
From: PoetTrader  Respond to of 5205
 
Dale...thanks for the advice...I might just go for the Jan 5 calls...I don't think this stock will turn around anytime soon, so maybe I should just sell it...the dreamer in me says, no -- it'll come back, just be patient. Hmmm...it loves me, it loves me not...


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