In the end , everyone needs to understand and be comfortable with whatever strategy they choose. It sounds like you have achieved that. I do something similar and more than covered the interest on the margin by writing calls during the time period I mentioned. Right now I'm in the process of removing all of my starting capital from my taxable trading account and leaving the gains. While I expect to continue writing calls in this account, it will primarily be against QCOM and CREE, since they will continue to dominate that account.
At the same time, I intend to use my IRA for trading. Right now it has some legacy stocks and a rather large cash component. I am writing cash covered puts in that account, in the past week having written May puts for Evergreen Solar (ESLR), Intuitive Surgical (ISRG), Diana Shipping (DSX), Nucor (NUE), and Northfield Laboratories (NFLD), typically 20-30% out of the money. Except for Nucor, all of the above are relatively new to me. I am also looking at all the usual suspects, primarily SNDK, NTAP, OVTI, RMBS, and of course QCOM and CREE, and would be willing to sell puts if the right situation arises, just as I am willing to sell covered calls against a portion of them, as I have for years.
Unfortunately, there is only so much to say about covered calls, and the subject was well covered when this thread was new. Those posts were of great benefit to me. However, at this point all I really could post would be the minutia of my actual trades, similar to this post, and while I personally find that interesting and could explain why I'm doing each one, I would not expect anyone else to be interested.
Regards
ARS |
