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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (8167)3/19/2000 8:26:00 PM
From: elpolvo  Read Replies (2) of 35685
 
bobo to volo-

like tim, i can't get past the gotcha of capital depletion if you encounter a couple of months or more of declining stock value.

1. if i end up writing lower ATM strike prices in the ensuing month(s) and get called out, isn't that a loss of capital?

2. do i immediately repurchase the underlying stock at the higher price? or do i roll into the next month's ATM CC?

3. if i do that, do i still have premium income for both months?

i'd be more than happy to be the living guinea beano of the porch if you would be willing to direct my moves publicly in porch posts for a while until the strategies become clear to us blockheads. my transfer of assets to accutrade is complete and i can write covered calls tomorrow.

are you interested in putting your mouth where my money is in public?

i'm not shy about it.

-el bobo
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