RE:RE:RE:RE:Dems fake numbersGisellekronk:
Agree, there is a call away risk, but in reality, I have shorted calls against my position for years and only been tested once where I had to roll up and out. I generally short pretty far about of the money ( .25-.30 deltas ) 12-18 months out. I don't do it necessarily for income, but as a hedge given I have a very oversized position relative to my other stuff. I bought into IVN a long time ago and took a pretty big position, and although I have never sold, I need some protection. It does also provide an opportunity to take advantage of some of the wild price swings IVN makes every once in a while. I covered about half my calls in this last drop down and I have slowly been putting them on again into the recent upward move. I sell cash secured puts as well, just not on IVN as I'm not looking to add to my already over concentrated position.