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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: William who wrote (110)	4/21/2001 11:39:56 AM
From: Dr. Id	Read Replies (2) \| Respond to of 5205

>>Note: I hold the same position.<< In your case it's sheer brilliance. For Id, it was just plain dumb. I actually agree that it was dumb. Hindsight makes lots of our decisions look dumb, and there was a rationale for making that one. But given the events of the last week, it now looks really dumb. Another lesson. Thanks for rubbing my nose in it. Dr.Id@whatdidIdotothisguyandwhatthreadisthisanyway?com

To: William who wrote (110)	4/21/2001 6:59:08 PM
From: Uncle Frank	Respond to of 5205

>> In your case it's sheer brilliance. For Id, it was just plain dumb. Thanks for trying to console me, but as things turned out it was dumb for both of us. The worst part is that we spent hours on the phone coming up with this lame brained tactic. Too bad FaultLine procrastinated so long in starting this thread, or we could have put our ideas in front of this august group. It's all FaultLine's fault. >> So my message for newbies is to select a strike price and option premium that will put a smile on your face if the option(s) is(are) exercised AND if it is not exercised. If it doesn't meet this test, don't write the option. Wise words, William, but human nature being what it is, a very difficult litmus test to pass <gg>. uf