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I know many institutions are writing covered calls ,BUT eventually they have to decide,if they should just dispose these stocks ,it does not make them look good when they send the shareholders what they have in their portfolio?
A restest of June lows is a given imo. The real question is will the S&P retest the precovid high of ~3340. Many think it will. 50/50 but I’d lean more towards yes it will retest that level by the end of this year.
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