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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: rydad who wrote (1970)8/14/2001 10:24:20 PM
From: PoetTrader   of 5205
 
Rydad...I too heard that through an Investment House seminar. That's why many people wrote their next months calls the Friday of expiration for the following month, then sat back and collected the premiums. Those were for people who did not have the time to monitor. I've been trying to wait until a couple of really good up days shortly after expiration to write my calls and also with this trading range have taken profits looking for two paydays between expirations...only I'm wondering if would actually make more money if I just let it ride. Perhaps one of the trademarks of a good dummy is to trade in a flurry only to end up behind the tortoise at the end of the month, dragged down by her big bag o' money! I'll get back to you on that one! Good luck, PoetTrader
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