Hi Volt et al...not too bad a day, eh?
V ... a clarification: I don't disagree completely with you at all. Writing CCs, after all, is the 'safest' method of dealing in options, yes? (I believe even full-service brokers will tell you that ... two have told me). And I would speculate that writing calls has (or should have) a 'place' in most people's investing strategies.
It's the idea (and I don't really know if you recommend this or not) of "all or nothing" type of thinking ... such as buy 'x' stock; double the amount thru maximizing margin, and write calls on it.
Some of the most severe tragic stories this year have been experienced by people heavily concentrated in QCOM, correct? (LOL...'begging'...sure would have helped, considering what happened to the stock). Another option (which will be what I'll do @ about $900K -- sell $300K and put into bonds/and/or CDs).
(PS: SUNW has just become my largest position...am thinking of writing some call on it...or part of it. To add to principal like any/all other profits I make now...not for income).
I guess this also may be a bias of mine ... I've seen on other boards (not SI) many posters in their 20s and early 30s who are totally convinced they'll never really 'have to work' for a living ... so they don't develop careers, finish educations, etc ... and I think: What if it doesn't happen for them? (Weath attainment through investing?) Particularly with the volatile momentum tech plays ...
HEY D-RENK!!!! Go get 'em, guy! Gotta a things going on, I see (IRAs, employee stock options) diversified investment instruments ... good for you! BTW: what is Mrs. D-Renk's masters degree going to be in?
Have a good day/weekend, all ...
'b-i-a'
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