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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (29177)	8/16/2000 6:49:57 PM
From: Jill	Read Replies (1) \| Respond to of 35685

Thanx Scott... Have you been doing it, and on what stocks, and what proportion of your portfolio? I forgot to mention--theoretically another "psychological" problem is: Say you buy-write elon at 40 and then it goes to 30, and you buy-write at 30, and it closes at 35. Then you get called away at 30 if you do nothing, and that means you probably came out at a loss. So you have to buy back adn roll out. So that is a theoretical problem. Therefore its good to buy-write at the "low" end of the channel--i.e. the other day at 33 was good for ELON. And I'll wait for it to retrace if I decide to do it. When doing it for beano income you dont' want to write cc at high end.