Monday, November 17, 2008
Looks like Bulls are trying to close that morning gap
Looks like Bulls are trying to close that morning gap on $SPY. Intra-day pivot point at 88.40 might delay it.
Big Banks in ETFs Say Bailout Won’t Go to Salaries
Big Banks in ETFs Say Bailout Won’t Go to Salaries
The market seems ready to test the October lows
The market seems ready to test the October lows, and if this third time isn’t the charm, look out below. Specifically, we’re watching 846 on SPX / 83.70 on SPY
Sunday, January 13, 2008
Covered Calls Strategy
Covered Calls Strategy
We recommend you treat stock as a commodity, traded to generate monthly income. When writing covered calls it's important that you like the stock's short-term potential and to buy stock that's going up.
By writing covered calls, you're making monthly income by selling upside potential of stock to speculators. It's to your advantage if the stock is called away. If you sell low risk ITM covered calls, your profit ((strike price+premium) - stock cost) is locked in when you sell the covered calls.
We recommend you treat stock as a commodity, traded to generate monthly income. When writing covered calls it's important that you like the stock's short-term potential and to buy stock that's going up.
By writing covered calls, you're making monthly income by selling upside potential of stock to speculators. It's to your advantage if the stock is called away. If you sell low risk ITM covered calls, your profit ((strike price+premium) - stock cost) is locked in when you sell the covered calls.
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