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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (4164)	3/14/2004 1:52:06 PM
From: wilywilly	of 5205

FL, I'm still writing CCs on pretty much all the long term holdings in my portfolio, but agree that the past year (since March 2003) has been my worst ever. I've netted only about 1/3 of what I did in 2001, 2002, when it was "easy money" and I was actually making enough to live on from CC income. My biggest problem has been that the market (mainly the NASDAQ) has been in 'lift off" mode and I have to keep scrambling around rolling out ITM calls and just breaking even, if that. I'm not giving up, but am trying to keep myself very disciplined and write CCs only when stocks hit the top of their trading bands, or short term resistance, and are hopefully due for a little correction.

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