Options expiration is 6/20 but effective in the market today (6/19). For many financial traders selling covered calls is not a good method because they feel that you lose when the stock goes up and you get called out. However, looking at my last post where I reveal that I'm up 165% in year 2009, this only shows that the covered call method (with my own proprietary tweeking) works great EVEN when you get called out. In fact, I prefer it. Getting called out means that you get the cash, maybe a little bit on the stock increase as well and obviously you aren't stuck with a stock that has tanked in value and with your money.
I'm getting called out today - and that means I'll have cash to start on Monday...ALL OVER AGAIN.
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