Teddi
It is a Yahoo Group. In Yahoo Groups do a search on "JustCoveredCalls" and it will come up.
Peter
--- In ConservativeOptionS
>
> Can you give the address of the site you were on. I'd be interested in
> reading through their site. Thanks.
>
> Teddi Knight
>
> www.fullyinformed.
>
>
>
> From: ConservativeOptionS
> [mailto:ConservativeOptionS
> Hudgens
> Sent: December 23, 2009 8:46 PM
> To: ConservativeOptionS
> Subject: [ConservativeOption
>
>
>
>
>
>
> I have been over to the "just covered calls" web site and seen some
> bemoaning that they make ~2%/mo and can't keep up with the S&P 3.3%/mo.
> They started with a goal of 12% per annum, got 24% and now are unhappy that
> they didn't match a 40% standard--ahh human nature!!
>
>
>
> One thing for sure, if you limit your gains to ~2% by writing ATM or ITM
> calls you won't make more. If 2% is the goal, stocks like BPL and KGS,
> yield near 8% and their stock price as been growing at 2% per month with a
> business plan meshing with the shale natural gas finds that need pipelines
> -- which means continued growth in stock price and dividend.
>
>
>
> I, for one believe in looking at the chart before deciding what call, if any
> to write. If the stock, e.g. MELI, has a rocket under it, why would you
> ever write a call that is ITM? If your indicators tell you the stock is
> definitely in an uptrend, then ATM or OTM definitely makes more sense than
> ITM. And if OTM calls pays very little, why not ride the stock or the
> leap. I came to this startling revelation doing calender spreads using
> leaps and continually getting burned. The long call made money but buying
> back the short call took most of that gain away (I didn't get enuf for it,
> and had to pay a lot more to get it back). Another of my conclusions:
> calender spreads are happier with boring stocks or ETFs (read low IV), not
> ones that make more than a few %/month.
>
>
>
> At the risk of being argumentive, I would say that while the acceptable
> return obviously is indivual specific, the goal should be higher in up
> markets, moderate in sideways markets and lowest in down markets. If
> someone were a master of puts, he/she might disagree about the down market.
>
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