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in covered option writing because I don't have enough $$ to diversify, I don't want the paperwork, I don't have ability to pick stocks, and if only 1/3 of my money is involved in this, it's not that big a contribution to the whole pot. Further more, there may be something in the Value Line numbers, good as they seem to be, which I don't understand. Like SS/TS looked great till I worked with it awhile, and realized that option premiums may increase as people get more "sure" the market will rise, thus reducing the chance for gains in those options.

What all this implies is that covered call writing is attractive and I should look for it in the next fund I choose to have manage some of my money.

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