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: Richard James who wrote (11804)	11/12/1999 11:29:00 AM
From: Herm	Read Replies (2) of 14162

I could not resist Richard. I'm slowly getting back my second wind. You have a TYC strike of $40 with a CC premie of 5.625. So, your B.E. and concerns don't start until TYC reaches $45+ and closes above $45. That weekly chart profile still indicates a downward bias with volatility increasing everyday. Notice the upper and lower BBs how they are widening. In the center of the BBs you see a moving average (red line) slanted downward. RSI and OBV both dropping and stocastics still negative. All spell one thing! A downward cycle with a sideways slow motion at best. In the meantime, the green is in your pocket. Today, TYC has been down 1 to 1 1/2 points as I write. One heck of a viper right now. You can sit tight for now! :-) iqc.com

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