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: Bill/WA who wrote (11855)	11/19/1999 10:38:00 AM
From: Herm	Read Replies (1) of 14162

Is this Key Largo Bill? If so! Howdy, good buddy! Long time no hear. Thanks for the stock situation to review. Wow! You have waited a heck of a long time to discuss this. I looked at the weekly chart and the daily chart profiles. The weekly indicates a steady upward trending stock with a few pull backs. So, I would have been positive and laid back on the CCs for most of that ride up. iqc.com iqc.com The daily chart profile is pretty clean with NTAP. A gap up is about to level off. As I write, NTAP is down -2 3/8s. Daily chart showing high RSI, high OBV. A pull back is on hand with sideways direction. Not enough to help you out of this pickle. Sideshows would be too dangerous at this late stage of the game. The stock P/E is out of sight. Results? You will eat the PUTs for sure! Some stock broker! You are really stuck with the limited profit on the CCs. If you are looking for a short term tax loss against your short term gains, maybe it would be worth a paper loss to hold onto the stock. That way, if you wrote CCs out into 2000 it would not be taxable for quite some time and you would have an opportunity into a long term capital gains on the stock if you later sold. NASDAQ: (NTAP : $116 1/4) $7,729 million Market Cap at November 19, 1999 Trades at a Premium PE Multiple of 153.1 X, vs. the 56.3 X average multiple at which the Computer peripherals SubIndustry is priced. Computer Peripherals SubIndustry up .27% / Technology Industry up .26% Today

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