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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JohnM who wrote (840)	5/31/2001 1:00:54 AM
From: Uncle Frank	Read Replies (1) of 5205

>> I'm considering two kinds of covered call writes for tomorrow (Thursday) and would love to have any comment anyone wishes to offer. Be careful what you ask for; it may come true <gg>. Despite Fault Line's confusion on your nufo strike price, he made a very important point. The key to front month cc writing is selling at a peak, not from a valley. If you think the nasdaq is about it dump, then your timing is just fine, but I think it may be a little early in your cc career to start covering en masse. You're making a lot of progress in grasping the concepts, but I'd suggest you do a little paper trading before you jump into the deep end of the pool. This stuff can be pretty tricky, particularly when you're covering core positions that have had appreciated since you bought them. jmho, duf

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