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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: AurumRabosa who wrote (8529)9/11/1998 9:55:00 PM
From: Dnorman  Respond to of 14162
 
Ron: The stock is FP and the bid today is at 1/4 the ask is 1/2. I originally was going to buy puts on this but the premiums were way out of line. So I looked at the charts and I new I was safe at 35 and wrote 10 naked calls on Tuesday 9/8 for 1 9/16! The funny thing is I put in a buy to close on Wednesday for 7/16 when the bid was 5/8 it didn't change till today after I canceled my bid. This MM is a big game player in my opinion he obviously held the ask artificially high to try and make a fortune off my measly 10 calls!

Dennis