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Strategies & Market Trends : Best Option Strategies and Option Insight -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Francis Torti who wrote (105)3/30/1998 11:30:00 AM
From: Tom K  Read Replies (1) | Respond to of 245
 
Hello Joe T.

You are basically correct in your thinking. By selling the calls, you are helping to offset the loss from the $30 purchase. If the stock does not reach the $30 level by expiration, you keep the $504... nice huh? Then do it again the next period. In fact, if you do like I do, you just put the stock away (as a long term investment), keep selling calls, and fatten your cash account.

Good Luck neighbor.

Tom K (from MA)



To: Joseph Francis Torti who wrote (105)3/30/1998 11:52:00 AM
From: wiley murray  Read Replies (1) | Respond to of 245
 
Hi Joseph,

Since I am only into buying options and not selling them, I am not much help to you on this. I would suggest that you go to the Chicago Board Options Exchange (CBOT)site, and I am quite sure you will get your answer. You can also search on this Silicon Investor site for covered options and get your question answered. Good luck.


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