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

To: FaultLine who wrote (4164)	2/27/2004 10:59:05 PM
From: Dominick	Respond to of 5205

Premiums are too cheap. Better with spreads or buys

To: FaultLine who wrote (4164)	2/29/2004 6:35:58 PM
From: LemurHouse	Read Replies (1) \| Respond to of 5205

Not me. Premiums too low IMO. At least on the stocks that I hold and would write CC's on.

To: FaultLine who wrote (4164)	3/2/2004 2:02:21 AM
From: Dr. Id	Read Replies (1) \| Respond to of 5205

I've been writing cc's (along with selling puts) on PMCS for the past several months. I've been picking up between 1k and 2k per trade. So far, I've probably collected between 6 and 7k without it being put to me or called away (I've bought them back a few times at a fraction of their costs before expiration).

To: FaultLine who wrote (4164)	3/14/2004 1:52:06 PM
From: wilywilly	Respond to of 5205

FL, I'm still writing CCs on pretty much all the long term holdings in my portfolio, but agree that the past year (since March 2003) has been my worst ever. I've netted only about 1/3 of what I did in 2001, 2002, when it was "easy money" and I was actually making enough to live on from CC income. My biggest problem has been that the market (mainly the NASDAQ) has been in 'lift off" mode and I have to keep scrambling around rolling out ITM calls and just breaking even, if that. I'm not giving up, but am trying to keep myself very disciplined and write CCs only when stocks hit the top of their trading bands, or short term resistance, and are hopefully due for a little correction.