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Non-Tech : The Critical Investing Workshop
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To: Clappy who wrote (5283)2/27/2000 10:04:00 AM
From: Voltaire  Read Replies (1) of 35685
 
Hi Clapster,

see my post to dep. You are right on, it depends on what one needs. I suggest people weigh their on situations but I try to get them to say cover half of their shares for the good life even if it is at the money and let the other ride. Another big mistake people make is not removing some money out of the market periodically.

In an IRA just let it ride or systematically write calls. The compounding is almost automatic in and IRA and is dramatic. That shows one how safe CC writing is because it is about the only Option play the Houses will allow in an IRA. Just think of the IRA money sitting out there that goes up and down with the market ( there are not many QCOM's out there) and they end up with a loss or maybe a gain of 15% but could have made say 365%!

V
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