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Subject:  Re: Covered Calls Date:  9/11/2007  12:32 PM
Author:  swinginforfences Number:  59152 of 78165

That's it. You've got it, but I think you don't know it.

You limit your upside but keep 100% of the downside.

Yes, I do know it. Did you read the rest of my post? I mentioned that I like this strategy when I think the upside on the position I'm covering is limited and I take the proceeds from the sale of the CC and put it in something els