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

To: FaultLine who wrote (1230)	6/27/2001 2:47:03 AM
From: Dr. Id	Respond to of 5205

Welcome to cc4d Dan, you certainly are fitting right in. Ken, I'm not sure how well Dan fits in to the "dummy" thread...I can barely understand his sophisticated options posts! Dr.Id@whichiswhyIfitinperfectly!com

To: FaultLine who wrote (1230)	6/27/2001 3:32:52 AM
From: Dan Duchardt	Read Replies (1) \| Respond to of 5205

ken, I appreciate the welcome, and the discussion. I've been reading your thread for several days now after encountering PoetTrader on the "Newbies" thread Subject 15384 I've also been hanging around that other CC thread for a long time Subject 12574 A good resource especially now for those interested in using LEAPS in place of long stock for CC-like strategies with calendar spreads. It never occurred to me to look outside the "Puts, Calls, and other Options" area for another options thread. JohnM's post raised some interesting and important questions about the potential "gotchas" of CC writing. I ran headlong into those problems when I first started writing CCs. I soon realized that the cost of missed opportunity or losses from being overly committed to a short term CC strategy in a falling market can be greater than the benefits of collecting premium if CCs are not managed well. I pretty much gave up all short term option writing last year when 5% to 10% daily swings in the market indexes became commonplace and tend now to do some long term spreads and some short term option buying. I look forward to reading about the successes of the contributors here who may follow a more traditional or more innovative CC path, sharing ideas, etc. Dan