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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (11935)	11/29/1999 3:42:00 PM
From: David Lind	Read Replies (1) \| Respond to of 14162

Herm, thanks for your welcome. This is a great thread with a lot of specific information. I am going to throw a couple more questions at you, because I am planning a CC strategy for making a move to full time trading. As a brief background, I can throw about 650K in cash and margin at a CC program. I have IRAs with tech funds as a separate sideline growth porftolio, but CCs on stocks will be the biggest source of monthly income. I know that CCs will likely limit some upside performance overall, but I am willing to trade that for income. In short, I like the odds of playing the house banker in the options game. What I am trying to do is get a very realistic handle on expectations. I have 30 years experience investing, and I'm well versed in TA and FA as a position trader. I know my way around. From dealing with others with similar experience, what do you expect is their average take? I would be satisfied initially with 2-3 percent monthly on the premiums alone, before margin costs and commissions. In my short term experience with CCs, and in my calculations, that seems like a very reasonable expectation. Am I missing part of the picture? If other experienced CCers would like to contribute, your thoughts would be greatly appreciated. Are any full time investors on this thread using CCs as a major income source? - David