Hello Jay,

No I did not get margined out. In fact it was exercised out and that means that I take the profit and end up with a zero position so it is neutral and not possible to be margined out.
...

Yes, there will be.

I am just presently on a speaking circuit so once that is over and done with, I will continue with the updates.

CallT

It is now about 9 hours to the option deadline and it looks like we will be a winner for 116 pips.

If the underlying ends up anywhere above 1.3303, we will re-establish the covered call for...

Hello all,

We positioned ourselves for opportunity today, 2 lots covered calls underlying at 1.3361, premuim 58

Our watch level for 4 covered calls would be at 1.3303

We await the outcome...

We position ourselves for opportunity today.

2 lots covered calls.


CallT


17709

Thank you for your comments.

You are probably very correct in the need for an exit strategy and prudent in that.

I have just found that I do not really need one and to go through a lot of...

Thank you for your questions, feel free to ask any and all. I will not have all the answers but I can give my insights.

I have mentioned it before, you will find many references to the strategy...

Thank you for your contribution.

I do not look at the size of the loss but at the margin utilisation, I would think that there could be a miscalculation there as there was at no point any hint of...

Today is exactly one month since the start of tracking of this covered call strategy. We have made a gross profit of 1545 pips and went through two adverse moves of some 200 pips each time back to...

Calls exercised as expected and our position is now neutral.

Profit of $15,453 or in pips 1545. Granted this is not as impressive as the other systems here doing 5000 pips a month or 1500 pips a...

Just about 4 hours to expiration and it looks like we will end this round with a good profit that will wipe all positions out.

We might then just stay on the sidelines for the NFP.


CallT

...

Calls went into exipration with an assignment and we earned the premium.

We have reduced somewhat our position and it looks likely we will have the same happening at this coming dateline.

The...

Some 15 hours to options expiration and it looks like we will get an exercise assigned this time around.

If that happens we would be reducing size for the next round.

Broker is SAXO



17639

Calls expired and we increased size again going in.


CallT


17625

I would never use cost averaging with trading raw forex. I would have no problem using it with a covered call strategy. I have experienced the workings of this strategy in particular through a...

Ahhh...I don't know your domestic situation but I for one would not mix domestic with business.

CallT

Yes it did expire and we increased the position. The damage can be seen on the other thread. On most strategies, two big moves against it back to back would spell absolute disaster.

CallT

Massive move against the underlying !!

This strategy has now taken 2 back to back big moves against it. Most strategies would not survive this.

The thing to note is that this covered call...

Who is your broker Alongar?


CallT

It is now some 15 hours to the expiration of the calls.

The market continued a sustained move against us.

At the furthest point against us the margin was at 18% of assets and drawdown was about...

Indeed we will.

CallT

Yes, that was what I had thought too but it just never happened.

CallT

We are now seeing a very severe adverse move of some 200 pips against our position.

In any trading situation where one gets a 200 pip adverse move, it can only spell a one way trip to disaster.
...

The market went strongly against the underlying in a sustained adverse move.

Calls expired so we took 100% of the premium. The market continued to move against us.

Cost averaging instituted at...

What is OP ?