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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7570)6/9/1998 8:15:00 PM
From: Clean  Read Replies (1) of 14162
 
Herm, I can't tell you how timely it was to find your message.
I've been doing CC's on stock I own and came to the conclusion it was too cash intensive and there was a better way. What brought me to this thread was that I had a question - could you write a covered call on stock you own with a LEAPS? obviously, the answer is yes.
But I am excited about this CC on a LEAP, but I'm not sure if I understand it.
eg - you buy to open X LEAP calls (uncovered)
then sell to close what? and when?

Also, what kinds of LEAPs do you typically look at?
My fancy is all telecommunications/technology. some oils.
right now CC on noka, qcom, ericy.

TIA. Regards.
Clean.
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