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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: HF who wrote (6561)	1/26/1998 8:07:00 PM
From: R. Gordon	Read Replies (1) \| Respond to of 14162

HF, Yes and I got beaten up by SIII and AMD. Entering into a new position is the most vulnerable time for a cc investor. I am looking now to enter neutral to positive postions selling a CCs and buying puts. If the market goes down, I can buy the calls back, get cheap protective calls and wait for a rebound to sell the cc again. If it goes up, I can buy cheap protective puts. This way I eventually don't care if the market moves up, down or sideways. It is not as aggressive, but then I won't lose my shirt. Richard