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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: edamo who wrote (32319)3/2/2001 5:45:38 PM
From: FR1  Read Replies (2) of 65232
 
edamo - Most people seem to be saying that we are bouncing around the bottom now. So I was wondering why you are writing calls at the bottom? If the stocks go up, you lose possession. I guess you feel the $14 difference plus the $1 premium makes it more than worthwhile?

The reason I am asking is that I was always told that you sell calls on a rising market and not at a bottom.
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