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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Ken R who wrote (4791)	3/8/2007 3:32:45 PM
From: Uncle Frank	Read Replies (2) of 5205

>> it seems sensible to do so as often as I can on the amount to cover my RMD. any guidance would be appreciated. I'd love to help, but I'm clearly not qualified, as I don't even know what an RMD is :-/.. In general, I think writing covered calls agains a sheltered position is an excellent use of the vehicle. If you're never called, the premiums could be used to satisfy your minimum withdrawal requirements. And if you do get called, there are no tax implication. Sounds like a plan. uf

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