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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: Sowbug who wrote (7061)	3/10/1998 6:23:00 PM
From: 4 - Bob	Respond to of 14162

Sowbug, I have had in the money covered calls that were not called out but they were always less than a 1/2-point in the money. If your Yahoo March $70 cc were to close that far ($22) in the money on the March expiration, it most certainly will be called out. You will have made a nice profit on it if called out. I would have to be extremely bullish on Yahoo and most desirous of holding long to even consider buying back the covered calls at present level. If called out, future pull backs may allow you to get back in at a lower cost to you. Yahoo closed at $87-3/8 today Live Long & Prosper, 4-Bob