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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: PoetTrader who wrote (2471)9/23/2001 12:13:12 PM
From: Uncle Frank  Read Replies (1) of 5205
 
>> It would be my preference to sell those puts...rather than buy the call Leaps.

Both actions are predicated on a substantial degree of bullishness. I see nothing in today's market that would support such a posture. That being the case, a preference for shorting puts is probably based on a belief that we have seen the bottom. I'd suggest anyone making that assumption test it against their earlier expectations for the market over the last 12 months.

uf
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