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

To: waverider who wrote (733)	5/22/2001 10:52:03 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> The market has a way of ruining a party. Savy folks have had a nice year plus of selling calls and making mucho money. That can not go on forever. Nothing says that we have to be covered at all times. I take special care during options periods that include earnings reports or possible Fed actions. And now that premiums have turned low, I may sit out a cycle or two. It feels good to be uncovered right now :-). duf

To: waverider who wrote (733)	5/22/2001 11:57:34 AM
From: JohnM	Respond to of 5205

The market has a way of ruining a party. Savy folks have had a nice year plus of selling calls and making mucho money. That can not go on forever. I agree. You might look at me as a contrarian indicator (g). I moved a small portion of my 403(b) portfolio (TIAA-CREF holdings) into a Schwab rollover at my first retirement opportunity to invest in next generation network stocks. That was in January 2000. Not so good. Thanks, however, to some fairly careful buying (diversification, buying small lots) the overall tech portfolio is in better shape than the Nasdaq but the coincidence is there. Now I'm experimenting with covered calls. Time to stop writing them (g). John