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  • biglefthook_00 biglefthook_00 Nov 22, 2013 10:30 AM Flag

    covered calls....

    this year has shown the pro's/con's of this strategy.

    it is a "running" game. the most important rule is "once the money is in your pocket; leave it there." Of course, you can close out trades for a loss as long as you immediately wash away that loss by selling another covered call.

    I like to think of these as the "eraser at the end of the pencil"....there for everyone. Some need them than most..But it is good to know there is a 'safety net" for all

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