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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: Douglas Webb who wrote (6554)	1/26/1998 9:41:00 AM
From: Greg Higgins	Read Replies (1) \| Respond to of 14162

Douglas Webb writes: Greg, have you checked this spreadsheet http://www.webbindustries.com/coveredcalls/spread50.xls yet? I'd really like to get the final word on it's correctness from an expert. No, I haven't checked it. I have looked at it, and it seems to be missing a basic component, the part which shows the comparison of using calls versus averaging down in stock. It also should calculate the break-even point for both methods. Let's be careful about how we bandy about words such as expert. It is true I am a well read student of option strategies, that I understand the techniques, and the math underlying the pricing. That makes me a good student, not an expert. I think I'm somewhere beyond the apprentice stage, a journeyman, if you will, but not yet a master. Granted, I am as opinionated as most experts, but that's a personality holdover from my expertise in other fields, not my expertise with stocks and options. I try not to let it slip into my writing, but it does. I apologise for that. I've yet to make a million dollars with a strategy I invented. When I do, I'll write a book and you can host an SI forum on my strategy, OK?