A quick apology, Ken.
I failed to post a response to that list of to do items for the thread. Partially, I did so, because I'm still busy working at the retirement game (g). But, more importantly, I think of cc writing, at least right now, as a short term tool, given these market conditions and the positions of the stocks I am following. When those change, I intend to change strategies. Not sure to just what, yet.
I hope others on this thread would be moving to the same new strategies, too, because I enjoy the friendships.
However, learning about cc writing has gotten me over the hump of learning about options in general. I don't mean I know them, just gotten me past the "perverse" logic point so I can now think it without having to stop and concentrate. I think I'm 1/4 of the way into something for which I cannot see the end. But I won't forget the skills learned in the 1/4. And it feels as if they are more important than the following 3/4s. However, I'll know that better later on.
Oh, and one more thing, I find the MacMillan both more helpful than I anticipated (I keep rereading the first chapters) and more frustrating (the pure play elements he puts so much emphasis on are always different from what I finally decide to do--the cost basis for my shares, for instance, is always different and takes some artificial recalculating to get them there, and one of the costs is a replacement cost which I can't find tables on, etc.) As a result, I find myself skimming more of the books on options at Barnes & Nobles each time I visit, and searching Amazon for more.
John |
