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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Joe Jayne who wrote (11099)6/27/1999 9:37:00 PM
From: Bruce Ravelson  Read Replies (1) of 14162
 
Joe,
I am looking to write my first CC, also. In looking at the ENZN chart, I see a narrow trading range since December or a slight upward bias and at the upper end of the Bollinger Band. The RSI is well above 70. Both of these are signals to write. However, my concern is about the underlying stock falling. You get the option $$$, but what happens if this goes to the lower end of the band?

I need help also. Thanks to anyone with experience in writing CC's.
Bruce
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