Jeff, I have been selling call options strike 170, july, and picked up
from 8 to 6.50 per share. I own the shares, so I am fully covered. What
I picked up from selling these calls put my cost
in mid 125's, give or take.
If they take my shares in July at 170, then I still have turned a good
profit over 3 months period. If not, then I will keep the shares and
what I earned from selling the calls.
Jeffery, here we don't use S & P 500 to measure our perforamce,
we look at the bonds. If we can beat the bonds, we are OK. Now, if
I make 20% out of INTEL in three months, that is fine for me.
I don't count money in the pockets of the others, so if they are smart
and make 100% per year by sticking to their share, good for them.
Kind regards,
Yaacov |
