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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: adairm who wrote (1074)6/19/2001 11:08:31 AM
From: Dr. Id  Read Replies (1) of 5205
 
Assuming that the writer really is writing for income and not to acquire stock, I'm not sure I quite follow your comment, "This is the market to sell
puts, not calls."


I am writing for income, but also with the "consolation prize" in mind of picking up a great companies stock at a huge discount should it get put to me. If it's a stock that I'm interested in owning for the long term, it's a strategy that is a win-win (as long as the "purchase price" is a reasonable one...I made the mistake in early 2000 of selling puts on stocks that were quite overpriced...I don't think that that is the case now.)
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