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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: rydad who wrote (2173)	8/21/2001 9:22:22 PM
From: PoetTrader	Read Replies (1) of 5205

Rydad...thank you for your kind words. OT (Southern Cal..so am I and trying to fight the heat!) I vaguely remember the Roth Income Generator but I wasn't sure if I understood it all that well. It seems simpler to me to do cc's and sell puts...I think I end up doing a straddle here and a strangle there without realizing it!! I know what you mean about worrying about what might be put to you. I haven't been put anything yet because I've mostly done cc's. But I got out of some positions on stop losses today like GE (made a small profit) and the first thing I did when the market tanked after Mr Fed cut was to sell the Sept 40 puts for 1.30. I too am looking at Qcom...I wrote calls at the Sept65's for 4.20 and am now waiting to sell the Sept 55's or even 50's depending on how the market goes tomorrow and next day. Once upon a time it seemed like there were many stocks I wanted to own if I could only own them at that certain price. But today it's hard to call. I wish you well on that front. Let me know what you come up with. Good luck!! Best, PoetTrader

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