Alias,
You asked the question of Jill, but since we're twins, I'll throw in my two cents. <g>
I would NOT write covered calls on a stock that has momentum behind it, as JDSU does now, unless I wouldn't mind it being called away.
Also, I've personally had nuetral to bad luck writing cc's on my QCOM shares and have made a public plea for anyone here to kick me if I start thinking about doing it again.
IMO, there are many other ways of making money in the market, and of using the equity of your long term holds as a vehicle which provides regular income, that do not involve the risk of being called away. Put selling is one of these strategies and there are others.
OK, I'll shut up. |
