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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Tom K. who wrote (12094)12/28/1999 2:16:00 AM
From: Andrew Williams  Read Replies (1) of 14162
 
Thank you for sharing your approach. I was wondering though, have you been practicing it for a long time? How has it worked in steep market declines like in 1987 or 89? To me, it sounds like you have managed company risk with the RSI and BB, but may be left open with market risk. How would you react to a steep market decline of 10-20%? Would take the loss or average down?

I like the WINS approach, have had some success in the past but in this market I have been a better stock picker than CCer. Even though I have been trying to CC at a BB high the stock goes higher and I get called out. Recent examples are I2 and EDS. With I2 the stock surge has been unbelievable. Maybe I should have learned earlier that this was a bad CC candidate.
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