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

To: JohnM who wrote (3443)	2/28/2002 12:02:02 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> I liked your April 35 recommendations. First of all, it wasn't a recommendation. After the mistakes I've made in the last 2 years, I wouldn't dream of making a suggestion much less a recommendation. I was just talking out loud in hopes of getting some ideas from other dummies. But I will make an observation: >> Checked it out. Selling for $2 to $2.10. That looks to be too little... Sebl was trading around 32 when you got your quote, so 2.00 represented a potential 6.3% return for a strike price that was 9.4% out of the money over a 7 week period. Is that really "too low"? Maybe we need to re-examine our expectations. duf