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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: William who wrote (797)5/25/2001 10:03:52 AM
From: Judith Williams  Read Replies (2) of 5205
 
in a correction, write calls--not puts

I've been selling sebl puts lately--but not because we are heading for a correction. I've now given up predicting where the market is going and just focus on a couple of stocks.

Thinking we were about to relax, I got called out courtesy of Greenie's surprise. Systematically selling puts allows me to buy down my entrance ticket. (April 35s were called when Sebl was 45). But the most important thing here is that I want the stock back--I would just not like to pay so much.

--Judith Williams
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