The last few months have gone very well for my trading strategy. I have hit the jackpot several times buy selling just out of the money calls (covered) and then seeing the stock run up getting the premium and called out. This past month I took a more conservative approach as I was on such a strong winning streak I didn't want to feed into an over-confidence approach.
I found highly volitile stocks and sold in the money calls (near month). While the stocks have gone up - mostly, I feel good about the downside protection by adjusting my cost basis dramatically. My current positions are in: DNDN, FAS, MGM.
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