Covered Calls

[gtober]

Joe, have you given any thought to using iron condors in your neutral strategy as opposed to long stock with covered calls? Most of the time I keep coming to the conclusion that one just doesn't need the shares at all if neutrality is the objective. Just wondering if you thought about it, and what your conclusions may have been.

One thing that I could see preference for the shares would be in chasing more aggressive returns and fatter premiums.