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Worden Discussion Forum » Members » RichVR

Profile: RichVR
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User Name: RichVR
Groups: Gold User, Member, Platinum User, TeleChart
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Joined: Thursday, October 7, 2004
Last Visit: Tuesday, September 8, 2015 6:40:03 PM
Number of Posts: 1
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Topic: Who trades options? Who wants to trade them? Post here.
Posted: Saturday, April 23, 2005 4:38:35 PM
I have used cover calls a few times to protect my profits. Covered calls have worked fairly well for me in the past. I sell a call when I consider taking a profit. I use them for stocks I want to hold long term and not swing trade. I never buy a call and I have only bought a few puts over the years. It's really hard to make money off of puts. I haven't fully learned about the Delta and the Vix to understand what is a good price to buy or sell a call. Feel free to email me at richr@cesitservice.com.

Rich