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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Bridge Player who wrote (4627)11/27/2006 6:08:47 PM
From: harmonyss  Read Replies (1) of 5205
 
Guess I was getting hung up on the choice of wording (strangle). Don't you think this is more like doing a covered call and then selling a put on the side, a-la-cart?

one thing tho:
>>>"If your put is assigned, great. You've just bought some more RIG, a stock you like, at a lower price than when you sold the put. Cool!<<< -

It gets put to you but at original strike price, not such a great deal... you sold put remember. Selling puts is a bull strategy.

I gotta lay down now, Harmo
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