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

To: Stock Farmer who wrote (1136)	6/20/2001 7:40:47 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> However, over the long run a cc strategy might see you called out. Instead of repairing by rolling up for economic loss, you could merely flip to the put strategy until you ended up getting assigned and then go back to cc. Covered calls gone awry can be repaired with ease, John. The technique you describe requires critical timing decisions, as those who wrote puts at the "wrong time" last year can testify. If I felt confident in my ability to time the market on a repetitive basis, it would be more productive to swing trade than to write either puts or calls. But the history of the market is replete with stories of failed traders who felt confident in their visions, and I've decided to take the more predictable path defined by fundamental analysis and long term investing... with a wee bit of skimming through cc's <gg>. My hat's off to you and the others who sold early last year and have stayed in cash... all 3 of them. I hope you continue to make such astute trading decisions, but I have no desire to test my luck in that arena. Out of curiosity, you seem to be advocating writing puts on this thread, but predicting a continuation of the bear on the g&k thread. Aren't those two messages contradictory? duf