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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Alias Shrugged who wrote (29224)4/26/2000 11:18:00 AM
From: Ilaine  Respond to of 42523
 
Interesting to get such different responses from intelligent posters. Confirms, as if I needed confirmation, my belief that writing covered calls is not a cure-all for money woes, especially if you're inexperienced. I read on coveredcall.com that the premiums have been so fat for a while that it's all the rage, and even grandmothers are doing it.



To: Alias Shrugged who wrote (29224)4/26/2000 12:00:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 42523
 
Mike,
Interesting...I would admit that it certainly isn't as bearish as buying puts or writing naked calls or shorting the stock outright. But the only time I write covered calls is when I think that the stock price is going to fall (in the short term) on a stock that I want to hold for the long term.

JXM


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