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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: NateC who wrote (10284)	4/9/1999 8:56:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 14162

Yes, I agree!! You always make some money and I really can't complain about the % return. Its just hard to look at what I could have made <g>. And you're right. I'll definitely go for upside protection next time I open up some new spreads or CCs on CMGI or another high flyer in which I have high confidence (in fact, it looks like 'next time' will be Monday because I wrote some April 80 CCs on ELNK which jumped 30+% this week). My problem is that at the time I open CCs or spreads, I always think about downside protection and, looking at the potential return, tell myself, "If I can get that return, I'll be satisfied; don't spend more $ on upside protection." Then it takes off and I have to remind myself to be satisfied with what I have and thankful that I didn't lose $$.