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: Herm who wrote (7113)	3/19/1998 6:28:00 PM
From: Douglas Webb	of 14162

My brother was watching Wade's rolling stock recommendations on his website. (Wade posts several-month-old copies of the 'opportunity alerts' he sends his subscribers.) The people who subscribe to this service don't have to worry about riding a stock up and down 30 points. On the contrary, most of Wade's recommended rolling stocks roll by about 1/2 point, on a $30 stock! Even these only 'roll' once or twice, based on their histories before and after the recommendation. They also seemed to take over a month to complete a roll. So, do the math: 1.7% gain every 6 weeks or so. To make the profit worthwhile, you need to ride at least 1000 shares, which will cost you $30,000. You'll make about $4300/year, or 14%. If you can't afford that big an investment (Wade's supposed target audience can't) you'd lose pretty much all your profits to commissions. Doug.

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