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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: ed c. who wrote (9277)12/18/1998 4:02:00 PM
From: jebj  Respond to of 14162
 
Tks, ed - I think I've got it! Maybe! Sometimes!

jb



To: ed c. who wrote (9277)12/20/1998 6:42:00 AM
From: Sal Milani  Read Replies (1) | Respond to of 14162
 
Hello ed c.

A lurker is confused. If I understand what you are doing, with the S&P at 1180 you bought a Jan 1170 Put and sold 2 Jan 1110 Puts. Then you sold "slightly out of the money Puts". Were these 1170's and didn't they negate the 1170 that you bought ? Are you just in a naked 1110 Put position ?

Sal M.