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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: PAL who wrote (1842)	8/9/2001 1:18:16 PM
From: Uncle Frank	Read Replies (3) of 5205

>> operate on an excellent company which has great management, is dominant in the field with growing demand. Concentrate on that company and notice its fluctuation. There is no need to spread yourself to thin by monitoring many companies with the hope that one will hit home run. Wise words, PAL. Some of our fellow dummies seem to be spreading themselves very thin. >> The buy/write approach is OK as long as the market just goes sideways. My concern about the buy-write approach is that it seems to focus on stocks with the highest premiums rather than stocks with the highest prospects. This original thrust of this thread was to discuss covered call plays that long term investors could safely employ to generate an income stream from their core holdings. But as membership has expanded the range of interest has expanded to include buy-write, shorting puts, spreads, writing naked calls, etc. The pattern is reminiscent of another thread, Gorilla and King Options, that drifted from conservative origins to become a virtual casino and a social disaster :-(. >> have the capacity to take assignment. That's never an issue for covered call writers. uf

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