Short-termSelling Puts (Covered Calls by another name) Message Board

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Strategies & Market Trends : Short-termSelling Puts (Covered Calls by another name)

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To: quidditch who wrote (8)	2/4/2006 1:50:55 PM
From: tuck	of 66

I'm not young enough, either. I pretty much agree with what Rocky says about this. One of my weaknesses is knowing when to take a small loss early rather than a bigger loss later. The Bubble Burst almost wiped me out, but it would have been worse without the covered call income. I don't think we're going to see anything of that magnitude any time soon. We three will probably be retired, if not expired, before the next one of those. As such, that risk of an epic melt down does not concern me much. The normal ones that we'll keep getting regularly should be ridable with this strategy. I also like to think I've learned something from that experience. When things look toppy, I tend to take a short position of some kind. Sometimes I lose those trades, but that usually means the rest of the portfolio is doing well enough to outweigh that loss. Shorting would be the closest thing to a DEW line I have. Cheers, Tuck

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