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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (20596)10/4/1998 4:54:00 PM
From: Investor-ex!  Read Replies (1) | Respond to of 116764
 
Hutch,

Selling calls, especially if one owns the underlying, as the miners do, is NOT bearish. It is, at worse, slightly bullish. If the calls sold are far out-of-the-money, the call selling may be interpreted to be quite bullish. Only deep in-the-money call selling (a defective strategy because it contains little time premium) would be considered bearish.


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