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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: rydad who wrote (3566)3/25/2002 8:50:18 PM
From: TShirtPrinter   of 5205
 
Greetings Rydad,

I tend to agree w/ all the other responses you've had to your question about buying back CC's.
Since I'm no pro here, I tend to be very happy if I can "lock in" 50% of my CC premium in a short period of time. I sell only on a bounce in what I think is a choppy market. I also sell as a therapy to generate some premium on core long term shares. Finally, I think I sell & cover to satisfy my traders itch when I don't want to trade the shares for tax reasons.

Hope some of this makes sense to you. I wish I could write as well as Unc Frank <g>

Tony
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