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No. of Recommendations: 1
The only reason one should be doing in-the-money covered calls is for INCOME!

If someone else bot MGI in the $2 - $3 range for appreciation in share price, I would say Well done! T

To the folks that sold me those shares in the $2 - $3 range...my sympathies, I hope you did well with the receipts from the sale.

When writing in-the-money covered calls against dividend paying stocks, you need to figure in the ex-dividend date. Otherwise, what your expecting yield might be greatly reduced if the shares are called early.

Consider risk/reward.
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