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: Zach E. who wrote (5098)	9/30/1997 5:33:00 PM
From: Douglas Webb	of 14162

You're right, I did switch bull and bear. Oops! I should know better by now. Rereading the newsletter, Skousen actually doesn't like CC's in either market. He says that in a bull market, you end up giving away your stock and lost profit when the price goes up, and lose more than your premiums if it goes down to fast. "The only way Cook's system works is if the stock fluctuates within a narrow range, and most optionable stocks don't." As we've learned here, if a company has good fundamentals, and gives reasonably clear signals with for our TA, we can usually time the option entry and exit points fairly well. The premies don't rush in as quickly as Cook says they do, but they do come in. Doug.

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