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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: Herm who wrote (6020)12/3/1997 9:19:00 PM
From: Hunt  Respond to of 14162
 
I was fairly diversified in sectors, one airline RENO, one retail EAGL, and CREAF. Was forced into selling some EAGL today. Bought back the Jan 25 calls that I had sold on CREAF, was fortunated to catch it at it's low today. I did not have the guts to buy additional contracts. Wish I had. For it rallied late in the day. After, I check my buying power in the morning, I might be forced into selling the Jan 22.5 calls. It is still profitable, CREAF's net is less than 19, but I have been using the profits to buy additional positions and shares. So when the stocks take a hit the profits go down as well. Wish I would learn to leave some in cash. Beening in business for myself, Paychecks may have to issued early this month <G>.



To: Herm who wrote (6020)12/3/1997 10:01:00 PM
From: Hunt  Respond to of 14162
 
Sure wish I was allowed to sell puts. I would like to put the he%% out of CREAF. I think that would be the way go in these up and down markets. Being "forced" to buy at less than 19, with less than a 8 PE would not bother me a bit.