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

To: Mike Buckley who wrote (2281)	8/29/2001 2:16:05 PM
From: JohnM	Respond to of 5205

An update on my cc writing now that my summer activities are coming to an end and I'm beginning to settle down. 1. On Friday, the 24th, I wrote Qcom Oct 70s at $3.60 and bought them back today, the 29th, at $2.40. 2. Also, on Friday, I wrote Gmst Oct 40s at 1.75 and bought them back today at $.90. In each case I'm writing calls on approximately half our shares. That's the limits of my courage. Difficult decisions ahead. Should we use the money to reinvest or treat ourselves? (g) Thanks to thread members, once again, John

To: Mike Buckley who wrote (2281)	8/29/2001 5:59:33 PM
From: Uncle Frank	Respond to of 5205

>> The last time she entered covered call revenue in excess of our monthly expenses into our personal finance software, she said, "This is cool!" I thought she said, "Uncle Frank is cool." >> Keeping the wife happy is a LOT more important than having the revenue. I can understand why you feel that way; she is the one with a job :-). duf