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: Herm who wrote (1757)	4/21/1997 2:38:00 AM
From: Roy Travis	of 14162

Hi Herm I was just going over one of your old posts (#1618) and I noticed a statement that you made a few week back. You said >Once you learn how to execute each of the >strategies discussed in this forum, you can >take on any stock and milk profits out of it! Question 1 Are you really serious about that assertion? Should a studious follower of this thread be able to take ANY stock that they have identified as CC material and be assured of a profit if they follow the rules? Because, if that were the case, then it should be possible to write out a precise list of rules in such exquisite detail that they cover every possible eventuality and provide a road map to assured profits. No experience, intuition, or discretion required. If a new situation comes up that requires special handling, then turn it into a rule and add it to the list. And then what more perfect place to store all these rules than in an Excel add-in? Have you ever thought of automating this system? I don't mean just the things provided by your pricing model, although that would be embedded in it, what I'm thinking about is decision making software that could tell you when to roll up or down, what's the best choice of strike price, etc. Turn the whole process into a cookie cutter routine that can almost be put on auto pilot. Any comments? Question 2 I am totally impressed that you were agile enough to keep rolling down ahead of that USRX avalanche bearing down on you (conjures images) and yet still wind up in a profit position. I wonder if you would mind sharing your exact trades with us, along with your comments as to your reasoning at the time? I think it would be highly instructive. Regards Roy

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