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


To: hivemind who wrote (906)6/4/2001 10:36:34 PM
From: adairm  Read Replies (1) | Respond to of 5205
 
Hi HiveMind! Yes, I've done the naked put thing. Has a lot going for it. I have never done cash secured NPs before. I always used margin to secure my puts. Worked great until Humpty-Dumpty lost his balance!

Why did you choose the long term option? For sake of simplicity? For me, the beauty of writing options is the rapid decay of the time value of the option premium that occurs in the last month.

Adairm