The Covered Calls for Dummies Thread Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rydad who wrote (2155)	8/21/2001 11:20:55 AM
From: PoetTrader	Read Replies (1) of 5205

rydad... Well, actually I am living off my investments right now...but that's only because I'm in a feast or famine biz...I'm a novelist/screenwriter. So when I get a "real" payday it's a chunk of change that I put into the market...or pay off old bills. In June I was busy and only made 2400, but in July I booked 9600.00 and August so far 8600.00 -- so yes I could live off this. However, my underlying positions have gone through the toilet as has most everybody elses...I'm planning a strategy now to put myself in 50% cash to sell puts and 50% to cc on the stocks I truly believe in and don't want to get called a way...I'm always trying new mixes to see what works best for me. I'm sure the job market is brutal out there...it's a tough time in my biz too. It sounds like you're doing quite well on your cc's but I am too in-experienced to offer much advice as to doing this as a full time effort to support you and/or your family. UF, Dan and Faultline would probably be better in answering that one for you. In the meantime, best of luck...by the way, are you doing buy/writes as well? I think I mentioned to you two stocks that have some hefty premiums are qlgc and nvda. Might want to check them out. However, I'm really worried about what will happen if the Fed only cuts .25 -- I'm afraid we're going south through most of Sept and Oct...so trying to plan my put/cc strategy for the next few months. Let me know what you think... All Best, PoetTrader

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next