Daily Archives: May 12, 2011

PCLN was a bit scary today.

Posted on May 12, 2011 by admin

Glad to see the market first fell, then recovered and gained by closing, confirming that the market is trading in a range.  Especially of interest today is PCLN, falling to as low as 515. My setup of PCLN spread was … Continue reading →

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Why covered calls?

Posted on May 12, 2011 by admin

I use covered calls as my main trading strategy.  I do so for several reasons. Steady profit Less risky than owning stocks alone Guaranteed profit from premium selling. What is a Covered call?  Covered call means that you buy certain … Continue reading →

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