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

To: Road Walker who wrote (2241)	8/25/2001 3:34:24 PM
From: PoetTrader	Respond to of 5205

John... I look at both things. I know the general range of each of my core holdings so I pick the strike on based on that range. And I too wait until the market goes up and hope that I get as close to or slighly over in-the-money calls to maximize premium. But I also worry about this particular market over the next couple of months and sell calls, as I did yesterday, whenever we have a nice move. Monday may continue that move, but in this climate it is just as likely for people to take profits. And we're all "guessing" -- just about everything! Good luck. I myself sold intc oct 30's for 1.45. I was a little worried intel might just hold the thirty if we continue to have a little relief rally. PoetTrader

To: Road Walker who wrote (2241)	8/25/2001 3:51:10 PM
From: robwin	Read Replies (3) \| Respond to of 5205

To the group: I was browsing the CBOE today and something caught my eye that I never heard of...it is an option product called Equity Flex Options and bascially allows you to pick any equity and select your option terms such as strike price, expiry date and excercise style...now, I probably am the only one here who hasn't heard of it but would not such a product provide an additional array of tools to the covered call writer? If i could pick my strike price and expiry date, it would certainly give me the flexibility of picking times when to write and cover my positions without waiting for the manipulations that the third Friday in every month brings... here is the link...http://www.cboe.com/Institutional/Flex.asp any comments would be appreciated... Robert