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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Gary E who wrote (3807)6/13/2002 6:35:05 PM
From: Uncle Frank  Read Replies (1) of 5205
 
>> My only point here is that so many of the supposed xperts that advocate selling calls on stock you own have NEVER shown me an example where they have come out ahead...

Here's an example. I bought qcom for $17 in April, 1999. I began writing calls against it on a repetitive basis at the beginning of 2001. My adjusted cost basis is far less than zero.

I could give you others, but my point is, a disciplined program of writing covered calls against core holding over a long term period is a reasonable approach to both income generation and capital preservation.

jmho fwiw.
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