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


To: DiB who wrote (2518)9/25/2001 3:37:41 PM
From: JohnM  Respond to of 5205
 
If I can get above 5% return on a call for second or third OTM strike in the current month, I'd definitely write it...

Well, that's definitely where my alternate thoughts have been going. Get called out and buy back lower. As for the tax consequences, about 3/4ths of the call writing would be in an IRA rollover.

Gonna hold my powder for a while, however. Thanks for the thoughts.

John