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

To: Uncle Frank who wrote (2085)	8/17/2001 3:42:16 PM
From: FaultLine	Read Replies (1) \| Respond to of 5205

duf and dummies, Tomorrow morning FaultLass and I are headed out for a one week vacation in Seattle with a brief side trip to Vancouver. If you know Seattle, please, please PM/post me today with your favorite seafood restaurants. We are real fish and shellfish fans (sushi and sashimi too). Any other tourista suggestions are also welcome. Thanks! If I can locate a convenient internet cafe, I'll check in from time to time. It looks like everyone made a little money this cycle...except me. My 2.00 loss on NTAP this cycle put me slightly underwater for the month. I was too aggressive selling the AUG10 when NTAP was about 9.50. The (essentially) ATM time premium was good but I got too greedy. I should have gone for the 12.50 contracts since I did not want to have the stock called. Oh well, live and learn. Third time in a row my CSCO 20 contracts have expired worthless. I'm making less than a buck a share each time but it is slowly adding up. --dfl <:o)

To: Uncle Frank who wrote (2085)	8/18/2001 1:28:36 AM
From: LindyBill	Read Replies (1) \| Respond to of 5205

I'm still hold the belief that ltb&h is the only effective way to participate in the wealth creation effect of a great company like the Q. I agree long term Frank, but , for the next few months I don't see any major upswing holding. If looks to me like it will be "traders market" between now and November at least. And this leads me to ask myself, "Why should I stay at risk in this market?" I see no permanent upturn in the near future, and we could have a slide to a 1600 NAZ in the next few months. I have no tax consequences, so instead of selling CC's after the next rise, I may go to cash, leave it at interest for a while, or look at a short term strategy. If I simply traded in and our of say, QQQ, on the same ups and downs that I am trading CC's I would do as well, and probably better. I will think about it this weekend.