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

To: Hepps who wrote (4709)	1/22/2007 5:27:02 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> I thought this as like a support group, where I could share my moment of weakness... It is, Hepps. You were in shock, so I slapped you :-). Seriously, unless you're an options trader, the mechanism that will allow you to make consistent returns on covered calls is the relentless reduction in the value of time premium as we get closer to your option's expiration date. You've only been short the April 14 call for one day. Not to worry... time is on your side, and I'd imagine we'll have a few up days between now and April 21. duf