Options

[daddydo]

bbgold....I am no expert either and that is why I started this thread,but tht sounds about right....Here is an example...hope it helps.
Investor owns 1000 shares of Stock x @ $55 a share

write 10 covered calls strike price of $60
collect premieum of $750
If stock price rises to 60$
buy 10 calls to cancel obligation and prevent losing stocks

This is called writing a covered call

good luck and do your own DD for sure on this stuff....Not a recommendation here by any means to trade options...

Jeff