News Focus
News Focus
Post# of 257259
Next 10
Followers 5
Posts 997
Boards Moderated 0
Alias Born 07/29/2010

Re: DewDiligence post# 108846

Saturday, 11/13/2010 5:39:18 PM

Saturday, November 13, 2010 5:39:18 PM

Post# of 257259

More on the foolishness of call writing...

Dew, if you're going to essentially shut off discussion of options (a practice which I made clear I wholeheartedly disagree with), then you ought to control yourself and refrain from raising the subject - especially for what seems no other reason than questioning the intelligence of those who buy or sell options.

I've made good money selling covered calls on various stocks, with full knowledge that I'm going to miss out on The Big One. That's my approach, and it's no better or worse than yours - and by re-raising the subject the way you have, you do nothing more than lower the level of conversation.

At the moment, MNTA is an exception to my almost exclusive covered call approach - I want to get my monthly "rent" on the MNTA shares on which I've sold covered calls, but I also want to have a less than full-cost strategy for some funds - in wait for the big one - hence my raising the seemingly now curtailed subject previously.

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now