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: Ken Adams who wrote (12295)	2/1/2000 10:30:00 AM
From: Greg Higgins	Read Replies (2) of 14162

Ken Adams writes:I'm sorta butting in here, but thought I'd ask what you see with MCD that makes you like the Jun 45 calls? The weekly chart looks pretty toppish to me. I see divergences between price, MACD and Stochastics. I have done fairly well with MCD options in the past, but don't particularly like it long right now. The man is long the '02 50 Calls; I'm suggesting the Jun 45 Calls as a way to begin recovering premium. I think selling the front month ATM calls was inherently dangerous, but selling the Jun 45s 6 months out is a much better bet. He doesn't say how many he got of the '02 Leaps, but with anything less than 10, it's unlikely that selling a call for much less than a buck would make him money.

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