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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: adairm who wrote (897)6/4/2001 1:11:23 AM
From: Uncle Frank  Read Replies (1) of 5205
 
>> On the one hand, you want your stock to go up. But if it does, you'll get called out, and you don't want that! So, you want the call to expire worthless, or decline in value to the point where you can buy it back cheap.

Actually, I write otm strikes on stock that's in my ira, so I have no worries about triggering taxable events. The stress comes from trying to time sales to produce maximum revenue, and the need for constant attentiveness afterwards so I can take advantage of opportunities to close out the positions early. It's much less stressful to buy and hold based on fundamental analysis. Fewer decisions.

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