Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Options -- Ignore unavailable to you. Want to Upgrade?

To: steve mamus who wrote (5440)	3/23/2000 10:43:00 AM
From: Bridge Player	Read Replies (1) \| Respond to of 8096

<< My pattern was selling calls on stocks that were sky rocketing in certain unfortunate circumstances. This occurred when I was first doing options and inevitably I would panic because I would lose the common. >> Thanks for clarification, Steve. I think I understand. In other words, you were "getting killed" in covered calls because, after having written the calls, you bought them back at a loss because you were afraid of losing the skyrocketing stock, right? It seems to me there is a corollary here re: "never write a naked put on a stock that you don't want to own." It would be IMO "never write a covered call on a stock that you are not willing to have called away." BP