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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: tuck who wrote (10690)5/10/1999 12:20:00 PM
From: Jonathan Thomas  Read Replies (1) | Respond to of 14162
 
Hey Tuck (Jonathan Ryan Thomas) Parents plauged me with the "middle name thing".

You might want to cover and sell the 15s, see if you can keep your nut below 10, and hold on to the stock if it pulls back. If not, remember McMillan, think of CCing as a TOTAL position, not about stock ownership. It's ok to take a nice big profit, get out, and get back in when you have the upper hand. If this stock tanks after a runuup, you may end up kicking yourself because of all the upside repairs. Obviously it's up to you, but I have gotten burned SO many times because I got greedy. I learned to play my cards when I got the profit I was hoping for, get out and move on. Good luck, and let me know how you handle this baby, 'cause it's a move and shaker...:)

Ryan