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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: dealmakr who wrote (5179)5/21/2011 8:57:32 AM
From: Robohogs   of 5205
 
I have been using RIMM, MMI, SKX, and CSCO and YHOO as my longer term turn arounds but hedged both ways. Mmi and yhoo are based on asset values of assets, rimm on the platform and fact it is a better roamung phone given compression algorithms. Csco is also an asset value play and skx is valuation. Also using jks in solar - volaile but tight and some oil/gas guys. MMR and GDP have been very kind to date. MMI would have been awesome but I reset half my short puts into longer term short puts and calls. Still one of my main winners despite a 20 percent fall and overweights on short puts. Moving aroynd does help. Have also toyed with Dang because friends tell me it is the real deal.

Jon

PS. Despite the negative tone of some notes, Ithink I hit double digits for first time this year adjusting for expiration. I have given up 2x that on GMCR short calls way out but not far enough (2 times) and RIMM and 1 other. My drawdowns have been worse than normal due to losing the GMCR short side on a night the market got hit 8 weeks back so the hedge failed. My market shorts have generally worked but I have a real knack for picking strike levels in the final days' battleground and I did not load the shorts this past cycle given the strongest rallies lately have come on breakdowns. This downside move now looks more likely though.
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