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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Gregory who wrote (55)4/19/2001 3:35:49 PM
From: Uncle Frank   of 5205
 
>> Any experts here? Is it right to sell covered call in my situation or should I just wait?

No expert, just a pilgrim trying to find the road to salvation <gg>.

Seems to me, though, that you have more serious issues to address than whether to write calls. The biggie is to decide if you want to be leveraged (margined) on a stock that you feel/fear will retrace by 35% short term. Covered calls are a pretty weak hedge at best, and almost a trivial consideration for someone in your position.

jmho,
uf
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