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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Zeddie88 who wrote (37504)	9/9/2012 5:47:49 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 222362

I agree... I'm very tempted to have no covered call positions at all considering the nature of this bull move, but something inside tells me to remain cautious no matter what, so I do have some net longs, but most are always covered since I'm holding a large amount of positions in both gold and silver, covered positions still allow me to profit greatly, in fact more so that with just a net long with a lesser position... as each month passes, I just roll the calls forward to the next month... I always have protection on those down days and I even profit on those down days since the calls move down more than the gold or silver position itself... I do like the great feeling of safety this way, and I'm definitely not missing out on any of the move... GZ