Im going to be putting together a post on my blog summarizing as many of the strategies used by covered calls bloggers out there as I can find, in what I would best equate as a white paper in blog form, and I wanted to know if it would be allright if I include your methodology. Also, feel free to check out my blog at coveredcallsinvestor.blogspot.com.
I like your site as well as your trades. I’m adding you to my blog list so I can follow what you do. Good luck.
AT $5 and Below … the UYG is a GIFT!
If you need an eplanation … no need to continue!
This is a Covered Call / Put Strategy!
The aim is to acquire as much UYG stock
(within described ratio) as you can …
while the stock is rangebound at $4 - $9.
For every 100 shares of UYG bought @ $6 …
Sell 1.25 (125 shrs) +UUFCH MAR8C @ 50 cents.
Sell 0.50 (050 shrs) J,F,M 6-9 Puts @
$0.40 - $3.50
If the stock goes up … you win …
even if you have to buy back some naked calls.
If it goes down or hopefully stays the same
month after month …
you use the call & put premiums ($$$)
to build a monster UYG position for
2010 - 2012 when the UYG will be at least $50.00
GOOD LUCK … Ron]]>