Microsoft Bounces – Slinging Those Covered Calls

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Have to love that volatility when you’re slinging covered calls on blue chippers! The market has now decided that Microsoft’s outlook is not fatal, at least for the time being.  We initially bought MSFT at 29.76 on Oct 5th, selling one covered call simultaneously, and another one into the ensuing crash. This reduced our cost […]

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Yesterday I tried something new – selling covered calls in my IRA account.  It’s a strategy I’ve been reading about, and pondering, for years.  And what better experimental ground than my IRA and this blog! Ideally this strategy should be employed on safe, dividend paying blue chip stocks.  So we’re naturally going off-script in our […]

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