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I may have outsmarted myself. I bought at 16.75 and sold Jan 25.00 strike covered calls for 4.25 Gave over 2.00 back after it went to 23.00 or 24.00 when I rolled over to a 30.00 strike. Now I'm nervous about holding the stock, but the time premium left in the calls makes it awful expensive to close the position. The current ask price on the call is 5.90 and its over 2.50 out of the money. Guess I'll have to sweat it out till closer to expiration unless someone has a stratagy I haven't thought of. Buying a put is to expensive of an insurance policy. How about an iron condor butterfly strangle? Guess I'll have to study the options handbook. :-)
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