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

To: Road Walker who wrote (2564)	10/4/2001 11:55:42 AM
From: PoetTrader	Respond to of 5205

Yeah...I was thinking I was so lucky to get some really nice premiums...but thought it was going to be like so many times before an up day, followed by two down...had I known better I would have let the rally play out...but as Dan says, we don't have a crystal ball. Good luck, PoetTrader

To: Road Walker who wrote (2564)	10/4/2001 1:55:33 PM
From: BDR	Read Replies (2) \| Respond to of 5205

<<Is anyone selling calls into this rally?>> Yes. Today: GLW Jan 10 at .65 SEBL Nov 20 at 2.40 JDSU Nov 7.5 at .75 QCOM Nov 50 at 2.25 Time (or a crystal ball) will tell. May buy some SEBL puts for added insurance. edit- CIEN Nov 15 at 1.10

To: Road Walker who wrote (2564)	10/4/2001 3:50:49 PM
From: alanrs	Read Replies (1) \| Respond to of 5205

"Is anyone selling calls into this rally?" Not me, not yet. However, I am removing 25K of the 30K ballast money I put in 2 weeks ago. Unfortunately, this will happen at the close, and with the market tanking the last 20 minutes, this doesn't look as smart as it did 2 hours ago. Oh well. Still, I may very well have picked up a years worth of interest in two weeks. ARS EDIT: also sold 2 NTAP calls I had picked up in the same time frame. Nice % return, but no money to speak of.