Delawaredave
Recycles dryer sheets
- Joined
- Apr 9, 2005
- Messages
- 184
OK, so Thanksgiving with my sister-in-law's famly - someone can't stop talking about the "can't lose" moneymaking strategy of writing covered calls.
Anybody play with this strategy ? (I'd guess folks on this board avoid these mechanics).
My little experience with options and arbitrage stuff is that the market prices these things pretty well - and that this is more "gambling" than "investing".
But I guess if there's a stock you're holding for dividend reasons or close to your sell target, this might be a way to add a little gain from it.
I suspect the food I got yesterday was better than the financial advice....
Anybody play with this strategy ? (I'd guess folks on this board avoid these mechanics).
My little experience with options and arbitrage stuff is that the market prices these things pretty well - and that this is more "gambling" than "investing".
But I guess if there's a stock you're holding for dividend reasons or close to your sell target, this might be a way to add a little gain from it.
I suspect the food I got yesterday was better than the financial advice....