[quote=SK in CV]Obama is going to speak on Iraq momentarily explains the now $11 jump in the last 45 minutes. The $20 before that, I got nothing.[/quote]
there is not a reason for anything that happens.[/quote]
Not for those 2. Correlation is almost non-existent. Silver is the weirder one. Up 5% and not that far from it’s 180 day high. Gold isn’t anywhere near that. And I just sold some junk silver last week.
It’s a great way to generate income and when done correctly and even if you’re wrong you can still often make money.
I know that you aren’t greedy with your trades.
Embrace options,,don’t fear them![/quote]
I’ve never gotten options to work…. I’ve paid my “tuition” to learn options aren’t for me….
I use to to write covered calls on stuff that I think was “stable” and wouldn’t move. The moment I write covered calls, the stock goes through the roof…
The only type of options I would consider is buying puts to offset whatever in the money stock options I have that haven’t vested. But currently, I don’t have that problem….
Was that such a bad lesson ?
Sounds like you made money (but upset because you could have made more ??)
If every covered call position spikes up, kudos to you.. You will never go broke taking profits regardless of what you could have made had you held the position longer.
You can always buy a CC back and sell the same strike further out and squeeze a little bit more.
The key with options is to not be greedy and worry about anything other than staying profitable!
.
