Writing Calls on UYG
November 13th, 2009
I wrote some December 6 covered-calls on my UYG position about mid-morning. All the moving averages are flat and this stock is pretty much devoid of any recognizable trend at this point. I closed my November calls for a profit a few days ago and didn’t roll them to December at the time. The market is moving sideways so I need to focus on call writing whenever and wherever I can – for the short-term anyway.
