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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 (4778)	3/7/2007 4:25:05 PM
From: TShirtPrinter	Read Replies (2) \| Respond to of 5205

Greetings, Great minds. Did the same but didn't get as much. Then, I've been shoveling outside for hours. Bet ya miss this eh ? I'll definitely be cover on the first sign of weakness too. MOT seems to be one of the hardest stocks to trade options. The market gurus there hold the line when there are moves that says in my stomach the options should also move. Tried later in the day to get $.45 on April 20's, finally gave in and offered them for $.40 and got executed @ $.44. Beats me. Tony

To: Uncle Frank who wrote (4778)	3/7/2007 8:38:31 PM
From: JGoren	Read Replies (2) \| Respond to of 5205

Good point UF about selling before expiration. The problem is with the NOK license expiration coming up April 9, it is likely that it could be volatile, probably down, but if there is good news, writing covered calls could put you big under water fast. The top recently was, I think, 54 on the MediaFlo news and rumors of possible settlement with NOK. Now, I for one, don't think there is a settlement until well after April 9, but I am a little scared to be short right now. I believe March is quadruple witching but April is not, so there is less chance the price will drop in April below the IQ max-pain price. I would love to take the premium, but haven't the guts to do so.