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: Jonathan Thomas who wrote (12163)	1/9/2000 8:40:00 PM
From: Dan Duchardt	Read Replies (1) of 14162

Ryan, ROST is looking more attractive all the time, with a lower BB penetration on the weekly with RSI at 32. KM was interesting here a while in the 11s, and has pulled back below 10 again. Both of these are selling at P/Es well down in the single digits. I have vivid recollection of NOT buying AMES in Oct 98 when it pulled back to about 10_1/2 with a P/E of 5, then watching it rise to 47_1/2 over the course of a year. (It wasn't entirely fear that kept me out; I had other priorities to deal with). I have a feeling that once these things turn, ROST and KM have a lot of upside. I have my sights set on KM 2002JAN10 calls, and since ROST has no LEAPs, the ROST AUG15s. If I'm right, these will be great positions to carry until a good opportunity to go long and write calls, or just ride them all the way. If not, I won't have to suffer too badly. Either way, I won't need to give them very close attention; I'll just let them play out. Dan

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