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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: J F Allen who wrote (651)	5/18/2001 5:05:36 PM
From: Uncle Frank	Read Replies (2) of 5205

>> I gave up the shares and lost out on a $9 gain. Think like that and you'll drive yourself crazy. You ensured a reasonable return, and were successful. >> I locked in a gain of $6 per share plus my call premium Using my method, that comes out to 37% in one month. You'll get no sympathy from me. >> If you sell covered calls this will happen to you. I sincerly hope so. Id and I talk a lot (I'm his shrink), and we've come to the conclusion that being a covered call writer is like being a pugalist. Even the greatest champions take some hard shots in every fight they wage - even against stumble bums. Getting hit once in a while is just the price of making all that easy money. uf btw, congrats on an outstanding month.

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