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Re: researcher59 post# 22840

Monday, 09/19/2005 4:06:53 PM

Monday, September 19, 2005 4:06:53 PM

Post# of 173847
researcher59 I can buy long calls or sell covered calls in my IRA. Just buying longs on quality stocks that I think have a very high chance of moving up. Most of my options are for spring 06 with a few into 07 and 08. My original goal was to buy Leaps but some stocks don't have them and the time premium was pretty high on others so I chose the spring 06 as the next best way to participate.

The percentage of portfolio is partly a function of how fast the options have appreciated. Overall they have doubled, so I invested 6% and now they are 12% of my portfolio. Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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