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Replies to #9 on Covered Calls
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caddman

02/21/08 4:16 PM

#11 RE: Joe Stocks #9

Discouraged is right. I was doing what my original mentor taught; look for stocks with very premiums and sell just OTM calls. for 30-60 day expiry. Hit and miss proposition since these were high beta stocks, and it was 2001-2002, and the high betas were getting killed. I just started dabbling with selling CCs on a few of my high dividend yield core holdings.

Since I have 2, soon to be 3, jobs (my own small companies), I may not post everyday. But I will contribute what I can.

Scott