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

To: DiB who wrote (3981)	10/11/2002 10:42:36 AM
From: fmikehugo	Read Replies (2) \| Respond to of 5205

DiB, No, I meant D. High dividends, good CCs, and down a ton. Once I buy I really don't care about the price of the underlying short of bankruptcy. I bought AAPL for 25 in January and wrote 25s for a couple of months. It's now at 14+ and I am writing 15s. It's like an ATM. In this next round of purchases I'm looking for more ATMs, but with dividends as well as CCs. By way of context, we're in our 60s and need income. This investment is to replace the income from a 7.1% muni that was called. Thanks Mike