Using Covered Call Options Strategy for cutting losses on financials
Read the full article at: http://www.dividendgrowthinvestor.com/2009/04/covered-call-options-strategy-for.html
Submitted by Dividend Growth... on Fri, 2009-04-10 07:41.
(via www.dividendgrowthinvestor.com)
The current bear market has been a heaven for sellers of covered calls. I have mentioned earlier the pros and cons of selling covered calls. Typically I am not a big believer in cutting my profits and lowering my risk reward expectancy in exchange for the options premium. Furthermore I would hate to have a situation where a stock I like is called in and I would have to buy it back at higher levels.
