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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: Colin Cody who wrote (660)1/16/1999 6:16:00 PM
From: Short A. Few  Read Replies (1) of 1383
 
We try to take call profits every month, almost always write them
30 days out or less. We must purchase stocks that are at a local minimum (easier said than done) in price, then write calls when the stock goes up or reaches a local maximum hopefully. Then repeat the cycle unless the stock gets called away.

Just doesn't sound like "investing" to me. The strategy plays only on the time value of the call option.

Sometimes entry into a position is made by having stock "put" to us when a naked put expires in the money. Here, we are taking short term profit on the time value of the put.

thanks for the comments, sounds like we might have a case.

Good thread.
Short
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