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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: Sundar Rajan who wrote (10325)	4/11/1999 2:56:00 PM
From: Hectorite	Read Replies (1) \| Respond to of 14162

Re: naked calls. Sundar, I wasn't recommended writing a naked call per se, rather in the Nate's scenario, the underlying has dropped well away from the original cc strike and he want to sell. When he does, his call is no longer covered. What I'm saying is that's OK as long its not to long to expiration and you continue to monitor the situation. Yes, in general writing naked calls or selling stock short, really on any stock, but esp. AOL, YHOO, etc., is a speculation with unlimited risk and I don't recommend it to anyone. If you want to speculate on the downside, buy a put and have your risk fixed.