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

To: Mathemagician who wrote (1941)	8/12/2001 3:04:58 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> I recommend strangles if you already have some stock, want more, and are neutral to slightly bullish. Overlooking the fact that Roth describes the underlying assumptions appropriate for strangles as very bullish, if one alread had some stock, wanted more, and was neutral to slightly bullish, wouldn't buying the stock and writing slightly otm ccs be an effective approach? >> "In theory practice is a lot like theory, but in practice it's not." Roth's CV included stints at Drexel where he headed their options department and Cowen & Co. as VP and chief options strategist. Maybe his practical experience is why he described the underlying assumptions appropriate for strangles as very bullish. bwtfdik, duf