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)	1/11/2000 7:20:00 PM
From: Herm	Read Replies (2) of 14162

Hey Ryan, IFMX has some heavy volume today. Strange that the market would react to old news about the last CEOs and the settlement. Well, IFMX up and down is pretty much what I read in the chart history for this stock. I covered my 8 Feb. contracts today to free up some money. Considering the pounding IFMX took around mid-day, it only closed down 7/8s or 8 1/2%. The ticks indicate some buying going on. IFMX Trading Summary 11-JAN-00 Ticks Money Flow($MM) Avg. Price Small Blocks +7689 -7685 +71.2 -69.1 9.3489 Large Blocks +140 -172 +22.4 -36.7 9.2139 Total: +7829 -7857 +93.7 -105.8 9.3085 10-JAN-00 Ticks Money Flow($MM) Avg. Price Small Blocks +984 -1056 +10.9 -11.0 10.1559 Large Blocks +30 -15 +8.1 -2.6 10.1574 Total: +1014 -1071 +19.0 -13.6 10.1564 Looks like we have a solid lower BB tag and the moving average is still positive with increasing OBV. I would expect a sideways to upward bias from here. The upper and lower BBs are starting to close in and narrow. iqc.com -------------------------------------------------------- SKS is so low there is hardly any downside risk for this stock. SKS has a 18.08% annual growth rate and a P/E of only 8.8. You don't see that often nowadays! NYSE: (SKS : $15 5/8) $2,301 million Market Cap at January 11, 2000 Trades at a 73% Discount PE Multiple of 8.8 X, vs. the 32.9 X average multiple at which the Department Stores SubIndustry is priced. Department Stores SubIndustry down < .90%> / Retailers Industry down < .92> Today The chart looks real sweet and the SKS LEAPs just put SKS on my "to buy" list. How about the SKS 17.5s JAN01 LEAPs @3 1/8 sound? Setup a SKS spread with the SKS 20s MAY calls @ 1 1/8 for a modest 36% or more if you can wait for SKS to increase in price and leg into writing the call spread. iqc.com

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