RE: ECA and covered calls....sorry, if I offended you, that was not my intention.
Regarding calls, here is the strategy I am currently using.
I beleive in ECA. What I have been purchasing for the last week
are the VEC 60 dollars calls January 2007. I started purchasing
at 15.20, 13.20, and my last batch at 11.15. I own now 60 calls
or in my thoughts the same potential as 6000 shares. I noticed when
Eca goes up a dollar my call go up around 70 cents. If in the next
6 months I hope to see 80.00, if so I may earn 100% on my investment.
Good luck to all the longs on ECA.