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Profile: jtseitz
About User Name: jtseitz Groups: Gold User, Member, TeleChart Rank: Registered User Real Name: Location Occupation: Interests: Gender: Unsure	Statistics Joined: Monday, December 27, 2004 Last Visit: Monday, January 30, 2006 10:42:39 AM Number of Posts: 13 [0.00% of all post / 0.00 posts per day]
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Last 10 Posts Topic: Who trades options? Who wants to trade them? Post here. Posted: Wednesday, April 13, 2005 4:59:31 PM 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