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

To: Uncle Frank who wrote (3224)	1/10/2002 6:12:01 PM
From: Dominick	Read Replies (1) \| Respond to of 5205

but if it ends up at less than 10, the return declines, and become negative for anything less than 9.04. Absolutely!. For brevity I did not include the following. My spreadsheet calculates some break-even points at: With no buy-backs $9.08 is break-even, commissions included. Also, $10.10 with $1.00 buy-back. $10.60 @ $1.50 buy-back. $10.85 @ $1.75 buy-back and $11.10 @ $2.00 buy-back. If it looks like I'm heading for a loss I'll bail quick. Dominick