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Strategies & Market Trends : Calls and Puts for Income

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To: Jim P. who wrote (5800)10/3/2013 12:44:21 PM
From: dealmakr   Read Replies (1) of 5891
 
Hi Jim,

Just a trade for me looking at hopefully a callout on the options for a short term return of about 1.7% if called away. If not called will continue to write weekly options against. Market has its problems here and am keeping a lot of cash available to try and pick some plays that may have a decent short term return.

Selling calls under cost basis can work if stock is drifting down and they can always be bot in or rolled out when the stock turns around.

Good Trading

dealmakr
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