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

To: LindyBill who wrote (1872)	8/9/2001 9:48:56 PM
From: PAL	Read Replies (1) \| Respond to of 5205

My main interest is getting opinions from others here about timing and technique. You are dreaming if one can consistently can tell you about timing the market. No one can. If timing the market is what you are looking for, then there is no answer. If you think the thread should be a collection of "I sold CC on Friday for $ 2.50 and covered on Monday at $ 2.10 for 40 c profit" then I am in the wrong thread. My posting in here (after a loing absence) is to share some basic knowledge, a Simple strategy that if I as a dummy can understand it, then it must be straightforward for anybody. CSS is a simple approach if one is willing to read and learn (like Rydad). If you cannot follow that simple example or that CSS is too complicated, then Covered Call should not be on your menu. Covered Call is not simply buy a stock and sell a call. Are you aware of the risk? Do you want to know how to reduce the risk? I can give you example of how disastrous a covered call Elon from a well intentioned individual who tried to help a lady in distress: thinking that she will get good return on, yet sadly she suffered large losses. The post made by that individual did not even touch the risk factor. As I said, I do not do option day trading. Good Luck.