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

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To: PeterCS who wrote (12258)1/26/2000 1:20:00 PM
From: David L. Hoevener  Read Replies (2) of 14162
 
I have used a leap as my covered call many times in the past for the sole reason of being content with the 20-30 percent return up front and the luxury of not needing to watch the position. This is much like the Dow Dogs theory where you enter your positions on January 2 and not look at the portfolio again until one year later when you make adjustments.
However, I have found that following the WINS approach with options of much shorter duration and checking your portfolio often allows one to extract much higher percentage gains. This is especially true if one uses the CC premium to purchase sideshow calls or protective puts.

Dave

Herm-
I am still interested in your opinion on Ameritrade. Thanks in advance.

Dave
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