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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: LindyBill who wrote (2257)8/27/2001 3:23:03 AM
From: Mike Buckley   of 5205
 
Lindy,

we are timing on CC,s also

Yes, but the short-term time is on the writer's side. For the same reason that time is on my side as a long-term owner of a long position, time is also on my side when I write a covered call (while it's against the buyer.)

Tick-tock, tick-tock. The buyer's clock is ticking and with every tick I'm closer to keeping his premium paid for an option that expires worthless. That's very, very different from timing when QQQ will go up or down.

--Mike Buckley
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