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

To: BDR who wrote (3282)	1/17/2002 8:28:14 PM
From: DiB	Respond to of 5205

Excellent post, Dale. Thanks a lot.

To: BDR who wrote (3282)	1/17/2002 11:14:29 PM
From: BDR	Respond to of 5205

An edit and a caveat. "You can then exit the position at a profit though that may not be what you set out to do when you entered the position." If I wasn't clear, I meant that exiting the position entirely may not be what you intended to do. Not making a profit just happens to me often enough without intent or effort. (g) And the caveat: if you aren't sure about LEAPS covered call writing, stay with equity covered call writing for a while, market conditions permitting, and read everything you can about options, including but not limited to the first 100 or so posts on this thread, before going further.