Covered Calls

[rickh]

Joe, I'm curious what is your recovery plan for the drop in CROX that happened in mid-April. It seems you must have either wrote your next CC at a much lower strike price (risking a loss if called) or accepted a much lower premium.

Sorry if you posted this information - I looked through the thread and did not see it.

I ask because I see the potential for a stock tanking as the big downside to a CC strategy - it locks you into a stock that may be depressed for long time.