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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: FaultLine who wrote (138)4/22/2001 2:49:22 PM
From: TShirtPrinter  Read Replies (2) of 5205
 
Hang in there Poet Trader,

Given the group here the scope will grow quickly. Nobody's dummer than me.

Here's an example of what I mean.

In order to reduce margin, I have bought deep ITM leaps as a replacement to stock ownership. Then I have sold CC's out just a few months.

I may buy calls & puts with funds I get Monday because I sold CC's on QCOM and got called out. Very short term tho.

Tony

PS Maybe we could include a support group discussion on weekends. I sold a bunch of CC's 4 minutes before Mr. G lowered the rates. <g> Dumb or bad timing...
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