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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (4943)10/16/2007 1:16:24 AM
From: Hepps  Read Replies (1) of 5205
 
UF-

I've spent the summer in and out of QCOM, CSCO, and the Russell 2000 tracking stock, IWM. Right now I've sold OCT MSFT 30 puts, QCOM 42.50 puts, and IWM 83 calls. They could all go either way.

IWM is my main focus month to month. In Aug when the VIX was up I was able to sell 71 puts for a buck. Sept was 78 puts and 83 calls, both for a buck. I'm on track for a 12% year; 1% per month. I may get aggressive and sell closer to in the money this fall, as I don't think that the market has a lot of upside left in it.

I spend time over on the other board, but think that they have a fundamentally different approach to the issue. I don't work with any stock that I wouldn't mind owning at the price I'm working with.

Which stocks are you working with?

Hepps
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