The Covered Calls for Dummies Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Covered Calls for Dummies Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rydad who wrote (3566)	3/25/2002 7:19:05 PM
From: alanrs	of 5205

The way I tend to think about it is that if I have written a call 8 weeks out and I can put half (or more) of the money in the bank after 1 week, I take it. The %'s and time period vary, mostly depending on my mood. The exact wording I use to myself is that I got X% of the money in Y% of the time. The possibility of selling the same call again doesn't really factor into that decision. I continue to look to sell SOME call against those shares, but don't play the "going for a hat trick" game. I worry that if I were to focus on that, being slick would become too much of a factor in my decisions. I will also close things out as expiration approaches just to avoid the random wild swing. With options, I'm much more short term oriented, and like to be exposed for as short a period as possible. Frank used to joke about his evil twin, and I find that to be a fairly apt description of how I approach this. My options "persona" is virtually the exact opposite of LTB&H, and the options guy has been far more successful in the last 18 months. ARS EDIT: The LTB&H guy has been sooooo bad, a passbook savings rate of return would have kicked his butt good.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next