Cash Positions

[hendi_alex]

My T cc plays are modestly ahead, by maybe $1000, but the play has gone sour, erasing most of the gains. My premise was that call income would be adequate to offset any potential capital losses, thereby sheltering the dividend as real cash flow. Before the recent price drop, as a covered call play it was a real cash cow, kicking out about 5% every three to four months. With the current drop, two or three of the most recent buys have dropped to modest losses and the overall gain just represents a modest percentage of the invested dollar amount. That is why I trimmed the position and will not initiate more covered call plays unless the big three quit playing this cut throat game that will lead to much lower share prices if it continues for very long.