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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: jebj who wrote (12254)	3/31/2000 1:41:00 PM
From: NateC	Respond to of 14162

Hi JP.....I've been out of touch sorry about that I like to CC these LEAPS every month or two....and you're right...the risk is greater. It's best for a stock that is NOT moving too much...if it does...you're faced with buying your CC back....and it costs more (higher delta)_ to do that....than the underlying long LEAPS call is advancing...so you don't like that. but I look for 8-10%/month....and on the ones that behave.....my nut can be down to 0 in 10-12 months....so I then own the long call 'free and clear.....as Herm...the other dude (s) paid me off. You're right tho about risk...and I may change my ways in this market