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

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To: klemaire who wrote (11004)6/10/1999 1:42:00 AM
From: Georgecc  Read Replies (2) of 14162
 
Hi CC'ers, This is a great thread as I'm sure you know by now. I've been lurking for a couple of weeks, read the first 100 or so posts, and the last 100 or so. I've also done a lot of reading "On Options", "Options as a Strategic Investment", and others. I've been killed buying options... looks like CC is for me. I started operating the strategy about a month ago, wish I had heard of ya'll then, but I'm doing OK for a beginner.

Questions:
1) Any of you veterans care to volunteer what your real returns have been since this thread started? Or put it this way, what kind of return can one reasonably expect after gaining some experience?
2) When operating WINS, do you sometimes enter a position when the stock is at the top of its swing by buying a put, and then buying the stock at the bottom? Do you strictly enter when you think the stock is at a low? and then wait for the high before writing... (pardon my ignorance and maybe I didn't study the WINS approach well enough, if so just say so...)
3) Do you always buy a put for the downside or is it safe to just use your call premie as downside protection and keep a vigilant watch? If you don't buy a put, then I guess you just roll down? How often do you bail instead?

BTW - I'm originally from Texas, but living in San Jose for the past 10 years. Tech stocks have been good to me, as an employee that is...

George
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