SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Percival 917 who wrote (54524)10/30/2003 10:00:05 AM
From: DiB   of 54805
 
Joel,
>take to mean that you are selling calls and if the stock remains flat or falls you keep it but offset some of the drop in price by the sale, correct?

Yes, most of the times. I try to pick "the juiciest" calls, ones that are at the money or very close. Sometimes I go two to four months out. If the stock price drops, I buy the calls back and sell a new round.
In other times I've bought and sold puts, sometimes reducing the cost basis, and sometimes increasing but feeling safer <g>.

Overall, I realized that I don't feel comfortable with "buy and hold indefinitely and sit on your hands doing nothing" strategy for any stock, especially gorillas, because my expectations for them are relatively high.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News