Welcome Tom,
I guess a forum could not surpass 7,000 plus post without the interest, input, contributions from investors like all of us! We have some from one extreme to the other. From REAL big hitters to everyday Mr., Ms and Mrs. trying to get a piece of the stock market $ opportunities.
40% to 50% annual rate of return (unmargined) by CCing is not unrealistic. It is as close to a sure thing as you can get. The super star options trader, George Angell, writes in his book, "Sure-thing Options Trading,"
"Just as buying listed stock options is akin to betting against the house in Las Vegas, the selling, or writing, of listed stock options is akin to being the house in Las Vegas, booking the bets of eager gamblers all looking to make a score. And just as, occasionally, the house loses, so must the option writer on occasion. But over time, the writing side of the option equation is apt to produce the most consistent and reliable profits."
Well, we have many, many lurkers and regulars that can tell you how much money they have made by CCing and had fun doing it! Cash flow from CCs is addictive!
Hey, let's here your approach. The objective is for EVERYBODY to make a profit and develop some fellowship in the process.
Thanks in advance!
Herm
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