Hmm, I don't actually know of any other forum that presents an entire approach for what to do, when, and why. (On the other hand, I haven't really looked much either.) I think it's a really great thing that you offer your strategies to people. Money management is really key when playing with options, and it seems like your strategy partly takes this into account.
In general, I personally use almost no TA when selecting stock picks. It makes sense to me that TA would work, due to investor psychology. However, I'm too intimidated by the efficient market guys, and that I don't know of anyone who's really made a lot of money investing using TA, except for day traders.
So, my general strategy is to take a stock whose price seems out of wack fundamentally (too low, or too high), and then take stock or options positions betting that the stock will return to what I perceive as its fair value. So, when covered calling, in general I'll do it with stocks that I see as lower than fair market value, that I think have a low chance of plummeting. To find such stocks, I first use screens and opinions on these boards, and then look at the fundamentals myself.
(So, the only CC position I have now is January TOM options I bought a few days ago, though I might get into WAC on Monday.)
Richard |
