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 (3829)6/20/2002 3:27:53 PM
From: fmikehugo   of 5205
 
Uncle Frank - "from a ltb&h practitioner's perspective."

Ah, there's the rub. We are retired, and trade for current income.

The fundamentals are sound, and profits were off by only a penny or so. What clouds the long run is the lack of hope in form of positive forward guidance. There is a lot of fear out there. There is a tendency to sell first and ask questions later, and a reluctance to bid a stock up unless there are solid assurances of future profits. I simply can't see what these would be for AAPL, so while I agree that there may support around 17, I can't see a range of 20-25, more like 15-20.

In that case I can sell 20s or 22.5s but will have to be very nimble to avoid being called.

In the real world you're right. It's not a disaster, and that helps me keep my perspective.

Thanks
Mike Hugo
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