SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Uncle Frank who wrote (1520)7/17/2001 9:16:51 PM
From: alanrs   of 5205
 
I wanted to mention the "secret sauce" in my options strategy. Since I work outside, and am often welding, on days it rains I come home. Have to take advantage of what the weatherman gives me! Today it rained around noon in Chicago and I didn't stick around to see if it would clear up. So, in the last hour today I sold 9 contracts for a total of $3300, 5 CREE, 2 TQNT, and 2 HLIT, all 4-6 months out and somewhat OTM. Total of 15 contracts out, 1 expires this week, 1 in Jan 03, and the other 13 in the 4-6 month range. All at strikes above cost. No put sales yet.

In doing this I am hopeing to buy most of it back within a month for less than half. Now it's just got to rain on a day the market tanks.

ARS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News