I may be misunderstanding your strategy, but when I said you may lose a star in you portfolio, I meant that if you write call options on a stock you hold (covered calls), if the price of the stock goes above the strike price, it will be assigned (your broker will sell the stock at the strike price) when the option expires. Of course, you could always buy the option back before that happens.
Utilizing covered call writing is a great benefit to a portfolio. This is a riskless activity and actually protects against price declines.
I wouldn't call it risk less. A star in your portfolio could be assigned.
I buy stocks specifically to sell call contracts (usually at/near or in-the-money) with the intent of them being assigned, and can typically make 5% in 30-45 days with 10+% downside protection. If they drop too much below the strike price before expiration I may have to buy back the option liability before selling the stock at a loss. Admittedly not much of a loss, and in some cases I sell the stock and hold the options contracts naked, letting them expire worthless, and come out ahead. But it is a great way to make a living! Put and Call credit/debit spreads and the like can be even more lucrative.
A persistent forty-pound dog would be a challenge for a single man... People are weak. I once had a semi-domesticated monkey of perhaps thirty pounds jump on me... A man cannot outrun a toy poodle, cannot climb well...
Most 12 year old country boys could beat the crap out of a 40 lb dog, throw a 30 lb monkey 30 feet, catch and kill a toy poodle in 10 seconds, and climb a tree faster than this writer can climb stairs.
A man who lived by his wits, outdoors his whole life could do it with one hand tied behind his back.
The persecution of Clan Gregor continues, the Proscriptive Acts of 1603 made the very name outlaw as King James VI, issued an edict proclaiming the name MacGregor "altogidder abolished," meaning that those who bore the name must renounce it or suffer death. Rob Roy himself used the name Campbell.
For the staffers, many of whom are too young to have come up through the ranks of objective journalism, and all of whom are non-union, with no protections regarding what they can be made to do, there is undue motivation to please the big boss.
This line says it all about this guy.
"No protection regarding what they can be made to do" What the hell??? If you don't like your job, quit.
"undue motivation to please the big guy" If I am your boss, you better be be trying to please me, or I'll fire your sorry ass.
Grow up... the news isnt "news", it is a business. And its business is entertainment
I have followed your work BillyBob... I know you fight the good fights!
As I'm sure you know counselor, Esq not only sounds like royalty, it is derived from it. The title falls between a "Gentleman" and a "Knight" according to Blacks Law.
I believe the origional 13th amendment (1812) addressed titles of nobility: "If any citizen of the United States shall accept, claim, receive or retain any title of nobility or honour, or shall, without the consent of Congress, accept and retain any present, pension, office or emolument of any kind whatever, from any emperor, king, prince or foriegn power, such person shall cease to be a citizen of the United States, and shall be incapable of holding any office of trust or profit under them, or either of them."
I am a simple farmer, and I'm not about to get into a disagreement about the constitution, it's history, or the law with a man of your qualifications, but it is a shame it wasnt ratified IMHO...
I see you live about 30 miles south of the Smoky's, beautiful country!
I dont like the idea of any congressman who ever had "Esq" after his name... it smacks of royalty.
How about this: I'd support and vote for you if you vowed to resign from the bar after you are elected?
I am being magnanimous here BillyBob, you are tainted by association, and I wont make this exception for any other lawyer running for office, but I do like you a lot and I believe you would keep your word.
I'll agree that there are too many lawyers in office now for this kind of law to pass. If people quit voting them into office that could change. As far as being too broad, ar'nt there some professions that are prohibitted from holding certain jobs? Clearly lawyers should be in the Judical branch, and the Attorney General should be an attorney, but I would not otherwise want to have them in the Legislative and Executive branches of Government. I maintain that it is not right that officers of the judiciary, lawyers, hold public office, as it violates seperations of powers between the 3 branches of govt.
I have been reading you and your stuff for a while BillyBob, and I like your work a lot. I'd break my rule and vote for you in a heartbeat, but only if you resigned from the bar.