jtseitz |
Gold User, Member, TeleChart
|
Registered User |
|
|
|
|
Unsure |
|
Monday, December 27, 2004 |
Monday, January 30, 2006 10:42:39 AM |
13 [0.00% of all post / 0.00 posts per day] |
|
hi,
I use covered calls almost exclusively. use them to hedge against stocks that show technical indicators that indicate that they may be real movers. I generally sell calls in the money or at the money and buy to close when I reach the break even point.
I have been dong this for about 4 months and so far I am a little ahead. I made good money on aapl and lost on ctic. However ctic fell almost 50% overnight my covered calls let me get out with about a 20% loss I wasn't happy but this strategy helped limit my loss.
Jerry
|
|