Maksims Covered Call Options Forum

[yuccamtn]

Finally - maybe a lightbulb flashes in my head.
I have a lot of bull vertical spreads (probably 35% of my portfolios) for Jan2010 - loooong time till payday - and too many things can go wrong in the meantime.
I should be converting my Jan10 short calls for shorter term short calls to be generating income during this year. Shorter term also means more foreseeable results. I think this is a solution for me.

Funny how we have mindsets. I always considered calendar spreads as danderous if they are at or ITM, because you always have more invested in the long further out calls (and can lose if called in an early month), but if you sell near-term OTM calls the danger of being called out is greatly reduced.

Thanks for planting the seed.