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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (2472)9/23/2001 5:25:56 PM
From: PoetTrader  Read Replies (1) of 5205
 
UF...I'm not bullish at the moment...not after last week, but I was prior to Sept 11. But what I do as a general rule; if I want into a stock, I would rather sell the puts and get it put to me. That's why I was telling rydad, I would sell puts if it was a company I wanted into rather than buying the callLEAPS. But the other distinction I didn't make was that I would sell those puts very close in. For instance, I've always thought it would be great to get in at MSFT for 50. I sold sept50 puts at the beginning of the week, never thinking I would actually get the stock, but happy now that I own it at put adjusted value for 49.50. (That is, I think I'm happy) I can hope for a pop and sell it for a buck or two or hold it long term. I wouldn't however, sell puts out very far. I don't want things tied up that long. I'm more of a parametric trader and get nervous if things get too far out, except for on my core positions. All Best & Good Luck in this market. PoetTrader
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