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Non-Tech : The Critical Investing Workshop
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To: lurqer who wrote (9204)3/25/2000 2:23:00 AM
From: she_x  Read Replies (2) of 35685
 
lurker...third paragraph,
if i have 2000 shares of XYZ which is now at 200 and my basis is $.50 it would make some sense to borrow money against those 2000 shares (margin) and buy XYZ at a dip of say 20-30pts as long as there's no fundamental reason for the dip, and then write calls on those new shares instead of the old ones. then if they are called i don't care since i still have my low basis stocks, i still got my premium and i get part of any rise in the stock price, i just pay back the amount margined or just keep rolling out farther. am i way off here? the advantage is that i've tracked these stocks for 17 years and know pretty much how they run already, but don't risk what i already have built up and the tax won't kill me. am i getting warm? what am i missing? i probably should break down and actually read a book on options <g> she
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