i generally don't keep any money for adjusting covered calls. if it is out of the money none is necessary and if it is itm i either let meyself be assigned or i roll out or out and up only if i receive a net credit....drjoe
--- In ConservativeOptionStrategies@yahoogroups.com, Mike Cleveland <mikeandjody1996@...> wrote:
>
> Greetings,
>
> I wrote this question on a just covered call board, but got no response, maybe it is too personal of a question, but thought I would try here anyway.
>
> I'm wondering how much one should keep in reserve when writing covered calls, in order to make adjustments. Does anyone have a percentage figure that works for them when needing to adjust?
>
> Thank you.
>
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