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IgnoranceIsBliss

10/06/11 2:12 PM

#453 RE: sdtrond #451

Trond, from your blog I can see you're a covered call enthusiast!

I really like that strategy, especially when you have good reason to believe there's no short-term catalyst but the market either doesn't get it or is still paying decent premiums for structural reasons...

Anyhow, I'm presuming that, given the possibility of an "October Surprise", you would not advocate writing Octobers against a position. If anything, an OOTM play on cheap October's (e.g. 4's or 5's) might be an interesting play for someone looking for a live longshot.

What do you think?

Regards,
TGW
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mj638

10/06/11 7:20 PM

#454 RE: sdtrond #451

ok. thanks for the response