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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: alanrs who wrote (115)4/21/2001 1:33:52 PM
From: M. C. Orme   of 5205
 
ARS,

I concur. My KISS strategy seems to be a smile on my face and sleeping like a baby. My experience in the last year (after a somehwhat rough start because of the fear factor) has been similar to yours. I have been able to buy to close within a short period (facilitates sleeping like a baby) and even write again before expiration. I have to be careful of the greed factor however. I have learned to be content (smiling) with 10 making 10 per cent. Anything over that for the month I am dancing like LindyBill. (Well, not exactly!)

Anyway, my point is I know what I would like to generate and how much of my position I am willing to have called away. That keeps my core position stable while generating a few bucks for income and paying down margin. As long as I don't get greedy or fancy I'm okay.

Thanks to all for the great response to this thread. Once again, a great arena for discourse and learning.

regards,

dMCO@confusedwiththelightonnow.com
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