[quote=moneymaker]Just thought I’d resurrect this old thread and say I did make a litle money on BAC, now I think the play is HPQ. It will be a long play, so not for the squeamish.[/quote]

Yeah, I did really great on BAC as well. I kept selling the forward month covered call options but it finally got called away last month. I made great money selling the covered call options each month.

My latest stock I’ve been doing that with is NOK. Bought a TON of it very cheap this summer and I’ve been selling the forward month $3 call options. Some months when it was near $3 the covered call option premiums were VERY GOOD. I just keep selling the forward month$3 option and so far it keeps expiring worthless.

It’s been a great investment so far. I realize the technology there and their phones are dinosaurs compared to Apple, Samsung, etc. but people in the know tell me their patent portfolio alone are worth a fortune.

So far the risk/reward ratio has been worth it to me.