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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (5018)11/13/2009 11:32:10 PM
From: kelseysuncle   of 5205
 
> all are under water as of today. It still might work out but at the moment its looking like a true dummy move.

I've made a few of those myself. Let's hope Mr. Market lets you get out of those calls without too much of a spanking.

Thanks for your good wishes, Mr. Market turned kind for once. I ended up with a very nice 30% return. My reasoning was wrong but the market apparently thought the Samsung agreement trumped sorry earnings and disappointing guidance. Sometimes its better to be lucky than smart.

Back to covered puts and calls. Buying calls is too risky and requires too much timing for my tastes.

Cheers, dku
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