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

To: LindyBill who wrote (2018)	8/15/2001 2:44:07 PM
From: Andrew N. Cothran	Read Replies (3) \| Respond to of 5205

Lindy Bill: I don't know if I am right either. It is just a theory. But when one studies past action, it is uncanny how a particular stock seems to gravitate toward that strike price with very large open interest, particularly if the price of the stock is any where near the strike price as the options expire. I have gone back in time on several issues. The pattern on each of them is a similar one. Even if I am wrong about the "big boys", it is gratifying to be able to discern a playable trend and get aboard for a few dollars from time to time. I have done it now successfully in QCOM for several expiration months. It looks like I might do it again on the August 65's. But if I am wrong, I am hedged and covered so that it will not hurt the bottom line. And it is fun playing the game.

To: LindyBill who wrote (2018)	8/15/2001 2:49:25 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> I would make almost $2 a share with a close out near where we are on QCOM, and that would leave me with no CC positions. It look like a promising opportunity if we "time" it right <gg>, but I'd urge you to avoid an "all or nothing" approach which the following seems to indicate: "... a great opportunity to jump back into Sep CC's on all my positions." I think you could improve your returns by being patient enough to identify where each of your holdings are in their trading ranges, and only covering those that in the upper band. That applies in reverse to closing out the positions, which is what you've been doing with your qcom september shorts. jmho, duf