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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (4431)	7/16/2006 4:30:58 AM
From: Dan Spangenberg	Read Replies (1) of 5205

Point well taken. So in the current market are you and others not writing any cc's on your ltb&h positions? As I look at the stocks I'm holding, not many of them look to be very good candidates, unless I am looking at them wrong. I have DNA and did write the July 80 a few weeks ago for just over $2. At the time DNA was at about 78. It looked as if I would get called as it ran up before earnings, but dropped after and is now right at 80. I think I'll be OK. Max pain is at 80. Here are the stocks I have that I could write on. Going to show my dirty laundry here a bit. Many of these are not conscious ltb&h positions, but rather positions I should have gotten out of, but find myself holding. I am underwater in several of these. In trying to involve and include my spouse in our investments, we have discovered a core difference in philosophy & personality. She never likes to sell, and even less at a loss. I am ok with selling at a stop, but trying to balance these differences has led to some unwanted positions. I think we have that issue ironed out. All in all I would like to acquire more quality ltb&h stocks. CLMS CMOS CTRP DNA FMD IDCC ITMN MLNM MRH PAC PBW PLAY PWAV REDF REGN RFMD RMBS SCSS SINA TKR TOMO URBN WON Am I correct in assuming it isn't worth it to look at any option that is less than .50 for the next month, nearest OTM call? This will rule out many of these. Any comments very welcome! I know I have a lot to learn! Dan

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