Dividend investing for retirement Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: deeno who wrote (3729)	2/10/2010 10:44:58 AM
From: E_K_S	Read Replies (1) of 34328

I can not write naked Puts in the IRA at Schwab (even though I have the funds available on account). I do however, utilize the strategy in my taxable account but only on stocks I must own and the VIX is higher than normal (like over 25). I write covered calls on a few of my stocks in the IRA but only on those shares I plan to sell and have a gain. I recently sold the June $27 Call on my Bristol-Myers Squibb Company (BMY). My general rule is to only write covered calls that offer $1.05/contract (or more) for a minimum of 5 contracts. This allows me to cover the position in the future and book a gain w/o large transaction costs. Otherwise, it is not worth the effort for the small amount of money gained. EEKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next