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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (2109)8/19/2001 9:36:59 PM
From: BrooksR  Read Replies (2) of 5205
 
<Where did that come from?>

From:

"Personally, I have had great success selling covered calls way out of the money with short to medium expirations and buying as much time as possible (LEAPS) when buying. I tend to buy back when satisfied with the return-typically 30% in a day or two, or 50% if held longer."

"This seems to satisfy my urge to trade. I know I'm jinxing myself by saying so, but I have yet to lose money on an option, and have generated an income roughly equal to what I make at work, while only putting a small portion of portfolio at risk (30% max), and then only part of the time (roughly 50%). "

"I know there is a catch somewhere in this, but I haven't found it yet. Looks like the financial fountain of youth
to me."

Can you give any suggestions on finding stocks for CCs?

Brooks
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