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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Shell R. Poust who wrote (11194)7/15/1999 9:12:00 AM
From: Herm  Read Replies (3) of 14162
 
Yes Shell,

I will let them call me out of BTGC. I have a nice profit and I usually follow my trading rules to not buy back my runaways. Goes with my lessons learned at the school of hard knocks. "a bird in the hand, is worth two in the bush." I use sideshows as my equalizer. RSI has been dropping with BTGC at current levels. It should move sideways from here. So, I'm not going to spend money covering CCs on a stock that may level off.

I generally make money off stocks either through capital appreciation and/or CCing them. The question I'm faced with is, "do I take more risk on a runaway CC to perhaps make a bit more?" For me, I rather stack the odds more in my favor with another new play or adding to another current CC profitable position. IFMX is really coming around at this point.

The charts on BA look real nice and the BA LEAPs are easy money on spreads. GSTRF is VERY interesting! Chart looks super and the CEO is buying up some serious number of shares. This could be a $50 stock in the making. GT chart looks like another move for the 52-week high. RXSD is very cheap and may be showing life soon. Otherwise, the CCs are easy money with low risk.
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