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 (1602)	4/25/1997 8:59:00 PM
From: Herm	of 14162

HOW TO WRITE COVERED CALLS - A REAL CASE STUDY! ================================================================== Date: Friday, April 25, 1997 The stock: ROSS STORES (ROST) Last traded at $29 1/8 down -1/8 on a volume of 782,400 shares. ROST did ok considering how crazy the markets were this past week. For the week ROST only inched up another 7/8 of a point. ROST also hit managed to hit another high of $30.00 this week. Not bad! This is one solid stock! ROST OPTION PRICES: I noticed a volume of 100 contracts of the May 27 1/2 ROST PUTS traded today. As you may recall, I'm still holding 8 PUT contracts myself. So, I have been watching and waiting for some kind of pull back. Here are the current option prices for ROST from stocksmart.com Let The Trend Be Your Friend! Check out the chart for ROST. Insert 50 days for the moving average, Candlesticks, and Bollinger Bands and press enter at stocksmart.com Notice that the chart looks fantastic. We jumped on board this stock exactly at the right time. The sectors with the strongest covered call writing opportunities can be found at stocksmart.com VIX VOLATILITY INDEX Here is another freebee. You can plot the VIX for a 50 day moving average to get a feel of the volatility at stocksmart.com That's It! Wishing all of you, the BEST OF GOOD BUYS! ********************************************************************************* DISCLAIMER: The writer is presenting a real stock and a live ongoing case study. No recommendations or endorsement to actually buy this stock are suggested nor implied. Trading stocks and buying calls should not be attempted without first understanding the risk/rewards of this type of investment! The writer assumes no responsibility for the opinions being expressed! Buyers always be aware! *********************************************************************************

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