December 03, 2008 06:17 pm
I find it interesting that in this terrible downturn, options are stillgiving me the income I need and lowering my break even price on thestocks I bought. Hopefully I have good quality companies that willsurvive the recession. Each month when the options expire, and I'm leftwith the same stocks since they didn't go above the strike price, Isell another covered call at a slightly lower strike price and hope thestock price does not go above it. At least until the turn around, I cankeep receiving income.