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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 (8914)11/2/1998 5:24:00 PM
From: Night Writer  Read Replies (1) of 14162
 
Amateur TA here. Lurked here for a few posts and read some material on using BBs and RSI to trade options. The INTC chart looks ripe to sell Nov 90 covered calls. Touching BB, but just shy of 70+ RSI. Would like some one more experienced to give me their reading. I am also playing the Kurlak effect on INTC.
iqc.com

Compaq is a little different. Last Friday it touched BB and was trending nicely to a 70 RSI. Today the chart looks different?!. Appears it has jumped the track on the BB, and the RSI is setting still. I have already sold Nov 30 CCs just based on experience, and a little amateur TA. Also use max pain link.
iqc.com

Your opinions would be appreciated. Thank you.
Night Writer

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