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: robert read who wrote (10771)	5/13/1999 11:17:00 AM
From: David Wright	Read Replies (1) of 14162

Robert, My approach is similar to Herm's, in that I don't try to roll forward, or go through any other gyration to hold the stock. My philosophy is that you make your profits on the front end of the deal, and you love it if the stocks goes up and hits the strike and stays there until expiration, to give you some more profit at that time. I don''t worry about "lost profits" above the strike. I'm already off to the next deal with the premium someone else was nice enough to give me when the stock was below the strike. Unlike Herm, I am not an astute enough options trader yet(and no, Herm, I'm not going to go do mutual funds!!!) to play the sideshows. So I just take my premiums from the last deal and go ahuntin' for the next CC combination that meets my criteria. I do love to hear that cash register ring with someone else's money. Herm has a great powerpoint presentation on his strategy to get you going. Send him an E-Mail, and I'm sure he will send it back to you. It's a dandy! Long and deep, right Herm?

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