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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: 100cfm who wrote (2293)	8/30/2001 9:38:47 PM
From: PoetTrader	Read Replies (1) of 5205

100 -- For what's it's worth, I have yet had two pay days beat the full amount if it had expired...on any given 4 week expiration period. I'm sure it could work if you play 6 weeks out and then double up closer to expiration. I just haven't been that good. However I get worried at times when I think I will be called out or put to -- so I go for a quick profit. (Except on my ltb&h) And then of course, there are other positions I would be only too happy to be called out of. I also was a seminar that specifically traded the calls for 1.00 -- put in the orders to close calls gtc for 1.00 profit right after selling the calls. It was a conservative way to make sure they made income. Maybe they did it 4 times an expiration...if so they'd have to be doing that with some pretty nice premiums...but I think that was their strategy to make sure they were generating some revenue but never called away. Also I think that's intended for a fairly flat or tight range bound market. This market direction...ugh, I want to sell all my underlying positions and just sell puts deeper itm!!... GOod luck, PoetTrader

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