How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: J. P. who wrote (8205)	8/14/1998 4:57:00 PM
From: Herm	Read Replies (3) of 14162

J.P. I use to be concerned about which way the DOW and NASDAQ was moving when I first started investing. Later, when I learned to profit from down markets, sideways markets, I forgot all about worrying about the direction. It really does not matter to me as long as I'm using the correct tools to hedge and leverage the moves to make a profit. It's like going fishing. "Hummmm, let me see which bait I'm going to use today???? Well, let me try this one! Hey, look at the size of that fish! Gee wiz, let me try that again and see what happens!" Market corrections bring new opportunities. Hey, all I need now is SMOD to bite the dust to $12 1/2 before OCT expiration and I will be a happy camper!

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