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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (40164)11/19/2010 4:23:03 PM
From: Grantcw  Read Replies (1) of 78470
 
E_K_S,

I like your covered call strategy. I'm just starting covered calls with a portion of my portfolio and I've liked both your buy-writes here in GST and GMXR. When you've wrote the calls, did you do it as a buy-write when you bought the stock, or did you buy the stock first and watch it move up a bit? I've noticed that on GST you got your call sold at the ask and your GMXR was at favorable pricing between the bid and ask.

I think with these two stocks it's a good play as it protects you against any medium-term drop in NG while still giving you good return potential if called away.

I've got some shares in SD in the low 5's and I'm considering writing writing calls at 6 in March or June for decent premiums. I'm waiting for more of a run-up in SD though if I can get it.

Thanks,

cwillyg
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