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

To: LKO who wrote (878)	5/31/2001 10:24:50 PM
From: JohnM	Respond to of 5205

I think in the above comments you show some ambivalence . . Definitely guilty. Since I'm new to all this, I'm grubbing around for any edge. The whole point is to have a much sharper sense of the dangers when I do this seriously. Thanks, John

To: LKO who wrote (878)	6/1/2001 5:38:57 AM
From: Seeker of Truth	Read Replies (3) \| Respond to of 5205

I found myself nodding in agreement with your point, that CC is generally only good when we are satisfied either to let the stock go or to keep it. The situation in which this makes sense is that we like the company but we consider it overpriced or about to become overpriced by some standard we have set. Doesn't that imply that CC is good only on relatively rare occasions? Is it an everyday thing to consider our stocks overvalued or near to it? The person on the other side of the CC certainly looks like an idiot when the market is crashing but it isn' t so clear that he/she is always being foolish.