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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (1760)	9/16/2000 11:18:37 AM
From: Mannie	Respond to of 65232

Hi Keith >Personally, I like the long term prospects so much, I have not been writing CC's, as I feel the premium wont be worth it when, if, this makes a big move. On the other hand, you are sitting there collecting a nice premium, while I sit here with my thumb up my posterior.< Excatly buddy. With my covered calls, I am looking to write against companies that a lot of people feel have great upside potential, that offer a great premium (10+%). Rather than waiting for the big move, I'll take that premium upfront and re-evaluate next month. On several of my favorites, I have been collecting that premium month over month, while the underlying stock has been volatile but essentially flat. Which mirrors what the market is doing, and I believe may well do, for a considerable amount of time. I have a long hold portfolio and a cc portfolio..the cc portfolio is way outperforming the long holds over the last 5 months or so it has been since I set up the cc portfolio. Scott