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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: assetlogic who wrote (2358)9/7/2001 3:04:15 PM
From: alanrs  Read Replies (1) of 5205
 
Has everyone closed out their positions?

FWIW, I've been slowly (one position a day, the last three days) closing everything. Down to 3 positions, 5 contracts total. Out of money to buy anything else back. I have netted $780 so far this month, so I'm right on target for my $2000/month average, but somehow the $40,000 beating I've taken otherwise takes the fun out of it.

Oh well.

ARS

Wanted to add that I did buy some calls, and LEAPS, and sell some puts, and that I have left all that alone. They are all under water-pretty obviously-and I hate to take the loss with lots of time left. Thank goodness for the day job.

Also wanted to add that my top 4 positions (CREE, QCOM, LSI, and TQNT) are all up so far today, so things could be worse. Seems I'm an eternal optimist at heart.
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