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Well stated.I see your point.That is why I asked for advice.I know in time that I will be a better trader from gathering knowledge from those more experienced than myself. Thanks very much.

Dec 70 calls ask 2.70. Minimal dividend (.04) Trade is in IRA account if that matters. Initial strategy is to sell in the money calls to generate cash flow. Will probably roll up to Jan 65 If called, return is approx 10%+ for 49 days. Would that seem reasonable?

I am new to writing covered calls and would like someone to offer some education to me. I purchased 100 TIE on 11/29/05 for 60.75 and sold 1 dec 60 for 3.50 expecting about 4% return for 19 days. Stock closed today @68.99.Dec 60 call at ask 9.50. Would it be advisable to roll up to a Dec 65...