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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 (3435)	2/27/2002 8:09:00 AM
From: Dominick	Respond to of 5205

As long as you have no loss when rolling out to the downside if exercised, that's the joy of CC's. Dominick

To: Uncle Frank who wrote (3435)	2/27/2002 10:18:20 AM
From: JohnM	Read Replies (1) \| Respond to of 5205

I sold some sebl march40s a few weeks ago for 2.40, and put in an order today to close them at .10. You are really good at this stuff; unless you only post your wins (g)!! We've had what passed for a 4th quarter "rally", and it doesn't appear this market is going anyhere until the fall at the earliest. I'm a bit surprised to find myself more of a bull than you are, Frank, but I think there will be a rally before then. I just don't think it will be THE rally. At any rate, I sure hope you're wrong. Boring is boring is boring at the moment. I'm still afraid to cover Qcom but am looking at Ntap. My charts say Ntap has some upside room to run, whereas Sebl has little and what you can get for the April 35s looks to get you close to the ceiling. So I like that one. John (conservative)