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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: BDR who wrote (3203)	1/2/2002 1:46:48 PM
From: PoetTrader	Read Replies (1) of 5205

Dale, -- Like your thinking. And I think your brain is every bit worth picking as Dan's!...Just a question so I can be clear on strategy. Why are you going for the 04's as opposed to 03's?? Also re: selling cc's on the leaps - when I spoke to my Fidelity rep he said that I could go ahead and write cc's on leaps, but that it was a matter of symantics. That I was simply opening a naked position. Is that how you understand it as well? I take that to mean they are two separate issues played on the same position with the general understanding that you are trying to decrease cost basis. Did you follow through on your plan? thanks and good luck, PoetTrader

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