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To: gizelle otero who wrote (122297)5/4/1999 9:37:00 PM
From: taxman  Read Replies (1) | Respond to of 176387
 
"one can take a portion of the cash earned by writing the calls and buying more calls further out of the money."

if you are selling calls because of a very rich premium, why would you turn around and buy other expensive calls?

regards