Biotech Values

[DewDiligence]

…in the spirit of disclosure, a quarter of my position got called away at 10 last Saturday. So chalk up a partial point to those on the opposite side of the covered call debate

Bravo! In the time I’ve been posting on iHub, I’ve seen literally hundreds of posts boasting about the “free money” to be had by selling covered calls, as though there were no downside to such an approach. Your post is one of the very few times—perhaps the only time—where I’ve seen someone acknowledge that selling calls ended up costing money.

p.s. For some reason, this subject generates heat and passion like few others. One regular poster ended up leaving this board permanently because he couldn’t stand the criticism levied against what he thought was a brilliant covered-call program.