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

To: adairm who wrote (954)	6/7/2001 9:18:14 PM
From: William	Read Replies (2) \| Respond to of 5205

I have not heard or read about the rule of thumb about writing calls on stocks $45 and under. I have not read all the books about options, just been doing them for 15 years. In my experience, I would rather have stocks above $45, even a lot above, to write calls on. In my mind it gives me a larger premium and more selection of strike prices then on lower priced stocks. I am not in the position of being able to write 50 or 100 contracts at a time, more like 3 or 5 or 10. There are often times when I will not write calls on stocks I own now due to the lower prices and premiums. Other than the obvious we would all like our stocks to be at March 2000 levels, I would like to know what others think about what price range they like the stocks to be in when writing covered calls. William