How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: FruJu who wrote (11058)	6/17/1999 10:19:00 AM
From: Herm	Read Replies (1) of 14162

Super, super moves on ORCL. I still think one has better risk/reward control on a runaway CCs using sideshows rather than covering at a loss and trying rolling upstrike on another round of CCs to repair the damage. If you nut is lower you still get to make a profit and not expose yourself to additional risk. It never fails that the thunder settles down and the stock reverses on a dime just as you cover and try to position into another CC. Those tech stocks move too fast at times. So, you might as well carefully use the sideshows to hedge and leverage at the right times. Taking a look at the chart on the (daily basis)I see a solid upper and lower BB divergence and a price upward gap. It's a clear shot to the overhead price resistance waiting around $38 level when those folks will dump and breakeven and the folks on the ride up from $22 will not hesitate to say goodbye and cash out. iqc.com The weekly ORCH chart is nice looking as well. You could really milk those long sideshow calls or grab some LEAPs to CC at the peak until you are called out and your money is freed up. iqc.com Very nice play Evan!

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