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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: PoetTrader who wrote (3248)1/13/2002 7:11:12 PM
From: Dominick  Read Replies (1) of 5205
 
I'm kind of locked in because I had to buy the puts to prevent a loss. If I'm calculating this right, it looks like if you keep writing OTM calls of at least $0.60, your cost basis will be zero in 8 months, (4.80/.60).

I wish I could've done that with QQQ. I have about 2000 shares I've been writing calls on. About half of those are down to $29.

I luv this stuff,

Dominick
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