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I especially liked your point about selling covered calls at the top
of the channel. I usually just sell the stock. I like your point
that if the stock rises above the resistance line, you let it be
called away. Good move, but tricky timing, since options only expire
once a month.
Have you ever written a put with a strike price near the bottom your
channel? If the stock goes down, like you think it will, you get to
keep the premium, and you "have" to buy the stock at the price you
wanted. Again, very tricky timing.
On Sat, 10 May 97 20:37:51 UT, Jim wrote:
>Guy,
> I hope it's smart <G>. Time will tell. At least it's consistent with my
>trading strategy and that's what I keep trying to do. Be consistent <G>!
>Jim
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