SI
SI
discoversearch

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 : The Covered Calls for Dummies Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffry K. Smith who wrote (5057)3/4/2010 9:39:30 AM
From: alanrs  Read Replies (1) of 5205
 
I sold the 45 put and and 85 call on CREE, June.

I'm not good at TA or competing with a bank of computers, and my eyes glaze over when I wander into the greeks, so use the "would I be happy with" metric in deciding these things. I'm also just as likely to buy the options back in the hopes of selling them again (and again). How's that for discipline.

Part of it is what I currently own and what I've recently sold, which affects the strikes I favor.

With POT, I sold the June 135 call and the 90 put.

The puts are covered by cash and the calls are covered by stock. They don't call me chicken for nothin.

ARS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext