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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: BDR who wrote (3980)10/11/2002 10:32:17 AM
From: Uncle Frank   of 5205
 
>> I would side with dUF. In this market it is pretty hard to make a case for covered call writing when the long equity position keeps eroding so fast.

Actually I would taken the same position if the market were in a bullish phase, Dale. My personal mind set is that covered call potential should be completely disregarded during the stock selection process, and regarded as gravy afterwards. That's based on having seen many well formed plans to harvest rich cc returns go awry due to declines in the underlying, even in strong markets. Bwtfdik.

duf
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