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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: waverider who wrote (733)5/22/2001 11:57:34 AM
From: JohnM   of 5205
 
The market has a way of ruining a party. Savy folks have had a nice year plus of selling calls and making mucho money. That can not go on forever.


I agree. You might look at me as a contrarian indicator (g).

I moved a small portion of my 403(b) portfolio (TIAA-CREF holdings) into a Schwab rollover at my first retirement opportunity to invest in next generation network stocks. That was in January 2000. Not so good.

Thanks, however, to some fairly careful buying (diversification, buying small lots) the overall tech portfolio is in better shape than the Nasdaq but the coincidence is there.

Now I'm experimenting with covered calls. Time to stop writing them (g).

John
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