SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Dnorman who wrote (7818)7/3/1998 7:42:00 PM
From: VincentTH  Respond to of 14162
 
Dennis,

Re: hold a CC for the duration of the call.

Yes, you can buy back the call, but a $3 call does not protect you from a $10 drop. That's the point I tried to make. Selling the call would soften the blow, but by holding the stock on a down turn, hoping to cover the call, one is left vulnerable to a sudden deep drop of the stock.

//V