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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Hunt who wrote (5957)	11/24/1997 8:18:00 AM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 14162

I have likely new margin debt coming (naked Feb puts) and so I have to sell CCs on my stocks to lower 'the hit'. I'll know this morn if I got by Nov10 MACR calls and then I have to sell CCs for Dec and sweat it out again. BTW, MACR's closing bid was $10 and the ask was $10 1/16th. The $12.5 calls looking foward don't yield as much $ of course as those right at $10 (the current price). I swear off margin each time and yet I do it again and again. Overall its been a winner for me (margin) but it hasn't been easy.