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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Electric who wrote (6276)1/2/1998 11:19:00 PM
From: R. Gordon  Read Replies (1) of 14162
 
Electric,

Be careful. www.coveredcalls.com is a great site for seeing inexpensive positions with high premiums - but it can be a very effective way to turn a large amount of money into a very small amount of money. As in all covered call plays, buy the stock that you would want to own, not just the premium. If things don't work out, you may just need to own it for a good while.

Good luck,

Richard
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