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To: im a survivor who wrote (29167)8/17/2000 6:06:28 PM
From: RocketMan  Read Replies (1) | Respond to of 35685
 
you truly are writing for the income, then relax and let the stock get called. In fact, thats what you want to happen.

Right, I assume that other than the tax bite (in a taxable account), there is no other downside to being called.

What is the rule of thumb on how far OTM to sell the calls?

rocketman@tryingtofigureouthowtoactuallymakemoneyinthismarket.com