Thanks Mark for your simple and straight forward explanation about covered calls. Having lost in the market through the buy and hold strategy, I now believe the best way to protect your capital and gain in the market over time is through covered calls. Covered ...
Mark, Please help in this situation. Suppose one buys a stock at 93 and it declines to 80. Now one decides to do a repair strategy via a call ratio spread . 1. Sell May 85 calls(short) 2. Buy May 80 calls(long) The idea is ...
I bought 100 shares of apple stock at 138 and wrote a call option (MAY 150). Now the stock is going up more than I Thought. What is the best strategy now, wait for the option to expire? What should I expect if the option ...
Hi Mark I just rolled my position on FXI (china ETF) and wanted to get your advice on whether I did the right thing so that I continue to learn. Around March 21st I sold an April FXI $133 call when the underlying was at ...
Hi Mark I have startied to get my feet wet with options and have made my first few trades in the last month. I am investing for the long term (my horizon is 20 years). I used to maintain a buy and hold strategy with ...
Mark, I stumbled upon the bivio website and read the emails and your informative responses and was very impressed. I have just ordered your book and look forward to reading it. I have a question about using options to create monthly income flow and how ...
Hi Mark First of all thank you for your excellent responses to my questions. I am learning about options and I have a question on the meaning of delta The official definiton seems to be that delta is the amount an option price changes for ...
Hi Mark, Just happened to find this forum. Very educational. I wrote a covered call from my IRA account. Once the expiration date came, the stock price is higher than strike price by few dollars. But i seem to still own the stock. what could ...
HI MARK Hello Nirmal, POT IS VERY EXPENSIVE NOW. TODAY=$198.16 I FEEL THAT IT IS GOUNG UP FOR THE NEXT 1 YEAR. I WANT TO WRITE COVERED CALL FOR INCOME. SO I AM PLANNING TO DO THE FOLLOWING -BUY JAN 2009 150 CALL PREMIUM= $66.70 ...
I own a fair amount of AMGN in the 80's. With its current price in the 40's do you recommend writing covered calls? I would only be interested in giving up the stock (taking a loss) in the 70's. Any advice? That's a tough one. ...
Mark I just read your book "a Rookie's Guide to Options" and I loved it. I would say it is a must read for anyone who is getting into options. I have already recommended your strategies to some of my friends. I am currently trying ...
Mark I would like your advice on a covered call position that I have. At the April expiration I sold an FXI June 156 call for a premium of $6. At that time FXI was trading around 145 so what I sold was an OTM ...
Hello, I'm fairly new to options trading. Actually, my first experience with options trading started about a month ago when opened some May iron condors on RUT. I've since closed them for a net credit ( I'm sure you mean net profit, not net credit.) ...
Hi Mark, Hello Allan, I have this scenario for covered call using LEAPS: XYZ stocks is $98 today I buy Jan 2010 50 LEAPS call for $48 This is a very unreasonable price. There is no time premium in this option, and your suggest buy ...
Hi Mark, I own POT May 195 calls, which I bought for $10.50(stock was at $197). POT has come down quite a bit in just 3 days and now my calls are worth mere $4.50. What can I do to protect from further fall and/or ...