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To: freeus who wrote (22241)4/4/2000 11:13:00 PM
From: BDR  Read Replies (1) | Respond to of 54805
 
<<I think the best thing to do is sell enough when one's stocks have great ups...especially in an IRA>>

I was going to suggest selling covered calls in a taxable account but I see you discussed that in your next post. I realize that some people are making a nice living selling covered calls, but the problem I have with covered calls is that my overall expectation for the stocks I hold is for them to appreciate. Significantly. A covered call caps that appreciation. I am looking for insurance against an unexpected large decline. Covered calls give you only a small amount of downside protection (the amount of the premium).