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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (2172)	1/7/1999 9:25:00 AM
From: moby_dick	Read Replies (1) \| Respond to of 5102

max90 and covered calls---> Yep, that's the downside of covered calls - loss of POTENTIAL profits. I did a similar with YHOO last month with the Jan Calls. Bought YHOO at 189 1/2 (only 300 shares) and sold the Jan 200 calls for like $23. Well, YHOO is at $291 so, while I made about $33 1/2 (the option premium plus the $10 1/2 between 189 1/2 and 200), I could be sitting on a $101/share profit now! In a steeply rising stock, covered calls can be frustrating. Oh well, the strategy dictates that one must be prepared to relinquish those "potential" profits in the interest of added safety. Thanks for the response max90. Moby.