Covered Calls

[gtober]

They certainly do help. I have a number of shares that have avg. costs way below market. NEM is 18, NTAP is 13 BRCM is 13 - etc. I build CASH every month, and use other people's money to add to the total number of shares I have every month, which in turn has a compounding affect all it's own.

Now, as to that China position, it seems to me that China has a ways to go down. Which is also my view of the markets once we rally. So, given the LEAPS strategy is a long term one, I am going to hold off on it until the other shoe drops. I'll re-visit then.