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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (2558)	3/20/2024 10:03:14 PM
From: robert b furman	Respond to of 2591

Hi sm1th, That's true. Unless you time the sells in a downward market during a dip. That's why I used CLX studies to help in confirming we're in a dip. Don Wolanchuck teaches CLX studies and a derivative of that is a condition called "Bottomspotter". I often found I had sold and then in a dip I was under water or could have really picked a greater premium in the dips. I'm not sure how it works for you, but a guy can run out of money, if he doesn't buy during bottoms or dips. Do you ever think you get too many assignments? Don and a group discuss the CLX daily over on the Crystal Ball Forum, in a section called "Wollie World". cbforum.com/context/main/wollieworld/msgindex.htm I found it helpful. At any rate it is good to see you posting and collecting some premium. I think it is a great way to accelerate income when added to receiving some dividends. Hope that helps. Bob