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Strategies & Market Trends : WR's Covered Calls -- Ignore unavailable to you. Want to Upgrade?

To: bela_ghoulashi who wrote (34)	10/29/2000 10:01:31 PM
From: bela_ghoulashi	Read Replies (3) \| Respond to of 68

For example, buy a $20 leap two years out and sell a $3 call every quarter for eight quarters (and it's just that easy, lol!). In two years you've collected $24, the underlying stock has risen so your leap still has plenty of intrinsic value left, so you sell it or exercise it to acquire the underlying stock, and you spend the rest of your life watching young ladies in bikinis lounge on your beach on the Cayman Islands. That's the idea in a nutshell.