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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (3746)5/15/2002 4:55:51 PM
From: Dr. Id   of 5205
 
I'm leaning towards selling longer term, in the money calls during this rally. My heart says this rise will be the start of something big, but my head says we're headed into the dreaded summer doldrums, and that there will be several major pullbacks

I agree with the prediction of summer doldrums, but am selling calls a bit further out. I sold the QCOM Jun 30's (a little prematurely it seems) and the SEBL Aug 27.50's. Hoping to buy back the Aug calls well before August if possible (maybe can flip them a few times before then if this market remains as sideways and choppy as it has been)

dDI@BWTFDIKhasbecomemymotto.pov
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