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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: rydad who wrote (2144)8/20/2001 12:22:32 PM
From: Uncle Frank   of 5205
 
>> Do I write now while prices are low or wait find what happens tommorrow after the rate cut?

If you think prices are low, it is probably not the time to write calls, except in the case of a buy-write play where, as previously noted, it is best to write when the underlying is in the lower end of its range.

>> I don't want too much time value to expire.

That's completely under your control. You could wait for a peak, and then write October, November, or even further out.

duf
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