Options on Covered Calls
This column was originally published on RealMoney
on Dec. 20 at 11:18 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney,
Roger Nusbaum's recent
But one of the biggest mistakes, as in most trading approaches, is not sticking with the defined strategy. That is, investors tend to roll up or not sell calls at all on stocks that are rising for fear of capping gains, or they roll down or sell a greater number of calls or even buy puts to protect stocks whose price is declining.
One way to avoid letting emotions wreck what can be a very effective strategy is to use a proven approach, or let a professional run the buy-write portion of your portfolio. The
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