SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JohnM who wrote (1199)6/24/2001 10:51:28 PM
From: Uncle Frank  Read Replies (1) of 5205
 
>> Best not to write ccs in a bull market, goes the admonition. As I understand the logic of ccs now, that makes sense to me.

That's the basis for my decision to write covered calls this year. There is no way to confuse with a bull market, is there?

>> However, I find that, at any given moment, I'm not certain what the next month entails for stocks

It's absolutely certain that time premium will erode, and highly probable that no stock will enjoy a break out of major proportion without retracing. Everything seems to be range bound, so my efforts focus around trying to guess the upper and lower boundaries of a stock's range, and waiting patiently to sell calls at the upper end. That's why I am currently uncovered on qcom.

uf
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext