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

To: PoetTrader who wrote (198)	4/24/2001 1:03:20 AM
From: FaultLine	Read Replies (1) \| Respond to of 5205

wait to see what the market does, knowing the tech sector has to turn back up. Any thoughts? The sellers know exactly the same thing and will charge you accordingly for a ticket to ride -- no free rides I'm afraid. And please realize that the price you will pay is largely set by very experienced people who are determined that you will not get back a dime of the money you have given them. Do you understand the concept of discounted value of money? The writers do, and they will use your (former) money for a long time. They will buy other investments and live on YOUR money for the next year or two. You are talking as though you know this is a sure thing -- beware, this is exactly the emotion the specialists and Call Writers depend on for your downfall. If it a sure thing, why would they participate? Can you articulate the Call Writers' strategies? What about a Call Buyer's strategy. What constitutes success? Do you have a salvage plan thought out for when things go sour? What are the warning signs of failure? Do you even acknowledge that you may fail? This is a covered call forum. You will provide a useful contribution to the participants only if you articulate the LEAPS strategies from the point of view of the sellers as well as the buyers. I look forward to the results of your research. --dfl