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

To: TShirtPrinter who wrote (2797)10/19/2001 6:23:57 PM
From: surfbaron  Respond to of 5205
 
Tony: it was clear to me today the bigs were taking out the 45's. no market in the Oct 50's and then 3.80ish for the Oct 45's. I have no short term confidence in a sustained up move and will buy to close next week on any weakness.



To: TShirtPrinter who wrote (2797)10/19/2001 6:57:19 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> Unc Frank will be glad to know I am getting those shares taken from me that I accidentally sold as Oct 45's.

Tony, before anyone decides I'm wishing you bad luck, let me explain.

The only reason I'm glad you got called is that it will reduce your margin debt. One of these days I hope you'll check your portfolio balance and realize you don't need leverage to achieve your goals. I'm pretty sure you've already met them.

duf


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