Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (116)	4/19/1999 12:34:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 587

You should never sell covered calls on anything. You can't even succeed at that when you're on the floor, unless the market forces you to do so. Then you have to build up the other side to remain delta neutral. Might as well get a day job. You don't walk into capital markets for their casino potential, because you will eventually walk out with empty pockets. If you're bullish on gold stocks, buy them and hold. You don't expect a major move but if it occurs you can consider yourself lucky. No point in throwing away your good fortune on cleverness. Selling calls defeats the point of taking a long position in the first place. When you want to buy, buy, don't hedge.