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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: Matthew B. who wrote (6049)	12/7/1997 6:11:00 PM
From: hpeace	Read Replies (1) \| Respond to of 14162

Mat...read the post. i've sold the cover calls and they are in the money... why buy them back and take a lost. just buy another 10k shares....100% of the time over a 14 month period if they were in the money I was exercised.. You don't find out til the next day and then you lost the divey chk which at the time was annualized bet. 5-6% on nynex. mat....read the post again..we aren't talking expiration day..then i just buy them back or let them go. we are talking ex date..the day you have to be the record hold to collect the dividend. Are you understanding now......