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

To: LindyBill who wrote (2236)	8/25/2001 9:15:40 AM
From: jaytee	Read Replies (1) \| Respond to of 5205

LindyBill: If you'll excuse a long-time lurker butting in (I'm just this rookie that's trying to learn) . . . If you feel that you are afraid to "miss out on an upturn", couldn't you: 1) sell calls further out in strike PRICE and capture the extended appreciation ( I realize it means SMALLER premiums) or 2) sell your calls as always and apply part of the premium earned toward BUYING a few further out calls for "over head protection" (capturing the run away stock)? 3) or KEEP half of you stock (and only sell calls on HALF) to capture the appreciation. (Then,LATER, you could sell the stock if you are so inclined. .. . . and even replace it, if you like, by buying it back later on a dip?) 4) Or, use that "other" half of stock (that appreciated without calls written against it) and STAGE some calls against it (later) at the higher price levels just as the RSI seems to be waning, or the stock looks to be overbought? Just wanted to get some feedback from the group to facilitate my learning process, and , if you don't mind, toss my (dunce cap)" hat into the ring" jaytee