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Non-Tech : The Critical Investing Workshop
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To: abuelita who wrote (16636)4/27/2000 4:45:00 PM
From: bobkansas  Read Replies (1) of 35685
 
Using a put would be better than a covered call.

If you want write a call then doing it in the money, at the money, or within one strike price out of the money would be the way to go.

You want some protection on the downside and writing out of the money calls several strike prices away will NOT give you much if any downside protection.

Think for yourself. Hope this serves to be some thoughts you can add to the mix.

Best regards, BOB

P.S. I am new to this so be careful with anything I say in regards to options. For me so far so good...but I can learn a heck of a lot more as time moves on.
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