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Strategies & Market Trends : Options
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To: Bridge Player who wrote (5434)3/22/2000 11:58:00 PM
From: steve mamus  Read Replies (1) of 8096
 
They are not contradictory.
My pattern was selling calls on stocks that were sky rocketing in certain unfortunate circumstances. This occurred when I was first doing options and inevitably I would panic because I would lose the common. As taxman pointed out previously covered calls usually not a great idea. However, I have more recently used these effectively in my IRA account. Despite the above comments, I did recently make a bunch on a very large covered call transaction in QCOM. My general problem was underestimating the explosive upside in a number of stocks that I choose. On the flip side, I did well with sold puts for the same reason, the stocks sky rocketed. Its a bit more complicated then this but this gives the general drift.

DoK
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