I don't do it like I used to, I try and pick my spots better now. I had a really bad time with it once and I get a little gun shy now. What are you looking at?
I write alot of options on futures and equities. Most of them are covered. What would you like to know?
How are they covered? I write credit spreads but that is not 100% cover. I write optioms only in FTSE (Z). I would like to improve protection. Thanks
There are tons of people on ET who sell options, but it sounds like you are referring to those who do naked sells. Many here who used to do a lot of selling have moved to other avenues. It becomes necessary to shift strategy when the prevailing conditions no longer support the current trades.
You should buy Cottle's online book at www.riskdoctor.com and read the sections on gamma scalping and adjustments to delta neutral. Also read his good advice on why putting in the wings is an extremely goodbidea. Although, I mostly ignore it for future options that trade 24 hours such as ES.
I'm curious to find out if anyone else has held on to a covered call strategy this year. I have and I've stayed consistent writing calls on etf's as well as certain individual stocks. What are your conclusions?