Bob, I know you outlined your hedging strategy in other postings, either in this forum or maybe in options club forum. If it wouldn't be too much trouble, could you either point me to the postings or maybe you have a file in the files section of one of the forums? Personally, I bailed out of the DLS aorund June of 08 when my total account was down 20%. (my own risk tolerance when implementing new strageties). I've been trying deep in the money call and put leaps and selling near month calls and puts against them, but haven't figured out how to make money doing it. My account just seems to stay the same.
Thanks,
RFH
--- In ConservativeOptionS
>
> Mike:
> I have been trdaing it since 9/07 (yup, right near the market high!). While I was still able to generate decent income through the move down of the market, if I hadn't hedged my positions, my portfolio value would be substantially down. However, this was the case with any kind of income generation covered call strategy. I used profits from my hedge to purchase additional positions. If/when my initial positions recover, I will simply have many more positions with which to generate on-going income. It has worked well for me, but because I hedged my positions.
> Bob
> ----- Original Message -----
> From: michaelxue88
> To: ConservativeOptionS
> Sent: Thursday, May 21, 2009 2:04 PM
> Subject: [ConservativeOption
>
>
>
>
>
> Hi All,
>
> I have not traded this strategy at all. Can someone traded DLS kind enough to give us an update on how it fared since last summer.
>
> TIA,
>
> Mike
>
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