How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (13568)	2/4/2001 1:47:48 PM
From: Uncle Frank	Read Replies (2) of 14162

>> Otherwise, you could get more bang for the buck by doing calendar Call Bull Spreads. From my experience, volatility is increased in both directions by using LEAPS as a surrogate for stock (ie calendar spreads vs. covered calls). A professional in our midst made the following comments on options strategies recently. Message 15215546 <snip> in reviewing active options accounts on a monthly basis, I can tell you that very few speculators make money buying out-of-the-money puts and calls. On accounts where I gauged performance, I can tell you that I found one speculator who broke even. All other accounts lost. Put sellers and covered writers (same risk/reward metric) made money. Almost all of them profitable. The 'strategy gang' (straddlers, spreaders etc.) tend to profit as well if they utilize 'credit' strategies. The 'debit' gang tend to lose but not that much. <snip> Why not stick with the high percentage game outlined in the thread header instead of looking for leverage? Another point of interest to me right now - have you posted any ideas about cc repair strategies? My qcom feb 90's are looking pretty vulnerable. Would you recommend waiting it out until time premium is minimal and then rolling up and out, buying to close at a loss right now, or just letting the position (which is in an ira) be called? uf

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