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

To: Seeker of Truth who wrote (440)	5/7/2001 12:26:00 PM
From: cfoe	Respond to of 5205

One needs to formulate a rule about what kind of profit is reasonable to expect from a put. You can say that again! I made one of my dumbest moves with Ciena puts because I got mesmerized by the rising stock price (and falling put price) and did not buy the puts back. Someone referred to this earlier as getting caught "like a deer in the headlights." Of course, the same goes with buying back covered calls when the stock drops. My lesson with Ciena puts cost me, but at least I think I have learned the lesson.