SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: the options strategist who wrote (9089)11/18/1998 5:59:00 PM
From: Riskmgmt  Read Replies (1) of 14162
 
Jen: Glad to hear that you are NOT despondent and that you don't go naked on calls:):)

Seriously, I have a similar position in IOM and am playing the swings and doing well. My plan is more basic. I own the stock, then on a run up i.e. I watched it back off from $10 and using WINS I wrote cc. Unless there is a BIG run up in the next 2 days I will pocket the $10 premies. I also picked up more stock when I felt the sell-off was over done and the stock was ready to head up again, which it has. I think you will be able to repeat this process each month till May. Trick is to know when to write and when to go long. Herms' guidance should put odds in your favor.

Good Luck

Ray
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext