John,
That's money in the bank that you wouldn't have had, without a CC strategy. But it's always important to remember that the market can move the against you, and the pain can be substantial when you sacrifice profit on a long held position, in a company that you have researched, and have confidence in.
I think I recall from my long ago youth a figure in the Lil Abner cartoons, Joe Blffttss, something or other, who moped around with a cloud over his head wherever he went. You must have seen the same cartoons. (g)
And I was just about to post another thank you to the thread members. I wrote a short note for the g&k thread about our Tivo experience. It included reference to a new set of toys (TV, VCR, DVD, TIVO, etc.). But I forgot to add to that note that the money for the purchases came from cc writing. And that would not have been possible without this thread and the individual help of several members.
But, like you, I'm a worrier. I keep buying back my calls too early. Always thought that cartoon was about me.
John |
