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

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To: RayV who wrote (2000)5/2/1997 5:18:00 PM
From: Herm   of 14162
 
Ray,

TECD is finally starting to take off. As you already know, TECH closed up 1 3/8 today at $25.00 FINALLY starting to see some upward movement. We have seen the bottom support level of $21 two weeks ago. The last earnings was real good. This is an undervalued stock at $25. It should past that last high of $32 this time around. Pay it from both ends PUTS and CALLS. I just sold the June 30s @ 3/4 and I will be buying some May 25 Calls to average down my portfolio. I will most likely exercise to buy the TECD stock and write more covered calls for the June 30s. With that money I will buy the cheap PUTS like Steve always tells you. The pre-earnings report date should create some violatility shakeout movements. Just milk that baby! Make that volatility work for you!

JMED and USRX are also starting to smoke right now! Earnings are up and continue to beat the street estimates.
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