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

To: rydad who wrote (2014)	8/15/2001 2:32:01 PM
From: Dr. Id	Respond to of 5205

Hi, Did you close your position because the stock went up or because the time value eroded ? From all that I have been reading lately here, it seems like selling puts might be the way to go. thanks I closed the July's because the options were underwater and I was about the have the stock put to me. I was able to roll forward for a small profit. I closed the Aug because the stock appreciated, time premium eroded, and I'm going out of town tonight for 10 days (and didn't want any active Aug options in play while I was gone). Then, the stock dipped the last two days, and I sold the Septembers. My plan is to buy them back if (when) the stock goes back to 20 or above (which has been it's pattern). If it stays down, I'll probably roll forward into Octobers and keep doing it until it gets put to me or I get bored (whichever comes first!) dDI