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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: Herm who wrote (8179)8/10/1998 5:29:00 PM
From: John Doe  Read Replies (1) | Respond to of 14162
 
Now that come out from lurking, I have a few questions.

I totally understand the basic W.I.N. strategy, but I'm still a little lost on the LEAPS. Lets say I bought 10 contracts of CS Jan 10s for 3.5, can I sell CC just like I own the stock??? Lets say the stock goes up to 15....could I sell the 12.5 for a big premium?? What would happen when the stock gets exercised?