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Which means playing the covered calls may limit upside.

I don't see there being enough premium in the August calls at present to justify the risk of a price surge following a blowout quarter like the last two and like WDC so I'm just holding the stock. Cashed in two rounds of covered calls already, lowering my cost to $17.68. Add in two dividend payments and it's $17.18.

I don't remember who put me on to this one (Kevin Quon, possibly, posting on Seeking Alpha) but it seems one of the better investments I've made in recent years.

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