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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (4878)9/19/1997 10:01:00 AM
From: Spots   of 14162
 
Herm, thread, I've been reading along for some time (since
before joining SI, actually), and occasionally butting in
of course, but now it's past time to introduce myself.

First, like many before me, I want to thank Herm for the
tremendous effort he's put into this thread and the great
generosity with which he's showed us his methods and mental
processes. These are nuggets of pure gold; and the wonderful
thing about them is that no matter how many of us pick them
up and take them to the bank (the word is ca-CHING, I believe),
they're still here to be picked up by the next prospector.
Magic nuggets indeed!

Many years ago I lost more money on options than I could
afford and reached the correct conclusion that I didn't know
what I was doing, so I quit. Since then I've been accumulating
stock through many good stock years and now have $$$$ put away
and $$$ more to put at some risk, by which I mean crank out
higher returns (ca-CHING).

So here I am getting the education lacking before, and making
good progress (for a duffer, anyhow), though there's a long
way to go yet.

PBS tells me my password's in the mail, so it's a-coming time
to get my feet rewetted (I could trade options at Schwab all
along, but commissions are outta sight). I'm looking forward
to it, though I admit with trepidation firmly rooted in
experience (an experience I do NOT recommend). I'm comforted
by the rule against losing money here. I'm no union man, but
I definitely intend to work to the rule!

I have learned and continue to learn a lot from all the many
contributers on this thread--lots of good heads with lots of
knowledge in them--not to mention McMillan and sites around
the web, especially SI. (I'm sure to be asking a bunch of
questions in the future too.) But here I think we all agree
that Herm is the man!

Thanks again, Herm.

Regards,

Spots
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