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To: McNabb Brothers who wrote (18824)10/22/1997 5:03:00 PM
From: Jack T. Pearson  Read Replies (1) | Respond to of 176388
 
Hank,
Lets see if I understand. If you do this every month, the odds of getting caught in the money are reasonably low. Even if it does expire in the money after a runup, you can sell more calls and recover.

Thanks.
Jack

PS I ought to be able to pick up a few bucks in my IRA account with covered calls using this approach. Right?


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