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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: RWS who wrote (10430)	4/17/1999 4:58:00 PM
From: Greg Higgins	Read Replies (1) \| Respond to of 14162

RWS writes: On Monday: Bought ARTT @ 12.5 Sold Aug12.5 Call @ 3.25 Nut 9.52 Bought CHRZ @ 10.13 Sold May10 Call @1.31 Nut 9.08 .... Should I .... You're being too busy. Go to sleep for 3 weeks on CHRZ. Go to sleep till Jul on ARTT. Set the alarm to wake you up if ARTT moves $5 in any direction. Forget CHRZ. Assume it will be called. You made 10%.

To: RWS who wrote (10430)	4/18/1999 12:04:00 AM
From: NateC	Respond to of 14162

RWSsaid<<On Friday: ARTT bid 12.88 Call ask 3.75 CHRZ bid 13.13 Call ask 3.88 Should I buy back the CHRZ call and sell the Sep12.5 for Nut 9.43? Or perhaps should have done that earlier when CHRZ was at 11.31, which would be my B.E., right?>> Looks like good premie...and with the proceeds...I'd strongly consider buying a protective put.....sept 10, at 1.25....or Sept 7.5 at 9/16....although it offers a lot less protection