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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (75782)	6/19/2007 2:40:13 PM
From: blitzfund	Read Replies (1) \| Respond to of 94695

GZ, my 2 cents= selling calls are great in a trending market, but in the Big Kahuna Surf contest it may not be the best strategy, cuz it gives a false sense of security. With the forward volatility can and will have waves cresting and crashing with much more well, volatility. Sooo with calls on the down side you are only protected the amount of the premium as you know and on the upside you can rest assure you will be called away at the worst of all times should they move against your positions. BWDIK Best to stick to your stops. IMHO Blitz