SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: wlheatmoon who wrote (8146)8/2/2000 4:54:03 PM
From: chic_hearne  Read Replies (1) of 436258
 
MKC, I own MO and am doing the same strategy. I think it could see a big upside move at any time, so I don't want to be all tied down with 25's. For that same reason, I don't want to go out too far ahead. If you're taking a big position, spread out the calls over different months. It also might be worth looking at when the divs are distributed and sell calls for the month after, if you get called out at least you get the div. I sold some Aug 25's, some Aug 27.5's, and left some uncovered. I plan on just repeating this and buying back the calls as long as it doesn't get too far ahead of me. I'm also doing the same thing on two crap stocks, RMBS and INKT. The call premiums are so huge you can get 10% per month selling at the money. Of course you risk losing your ass on these techs. We'll see how this goes, it's kind of a new experiment for me also....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News