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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Richard James who wrote (12819)5/28/2000 9:28:00 AM
From: James F. Hopkins  Read Replies (3) of 14162
 
They could exercise but I've never had it happen on any
stock until exdate. With some timing & a little luck if
you catch her on a move up you can leg in and get another
1/2 pt off the price.
You have the idea correct about the effective yield.

Then she could cut her dividend too..but I doubt she will,
getting back out is no problem ( again with a little timing
you leg out the opposite way ) always do covered calls when
a stock is having a good day & moving up ( in or out)
in you buy the stock then sell the calls; out you buy the
calls then sell the stock ( the up momentum gives you an
advantage either way) ..don't fool with one on a down day
( that's just a general rule there are exceptions but not
often enough to hunt for ) the same goes for rolling a
"call" from one position to another.
---------------
"Bragging"
I have made money with both WCOM and KM even though I
was wrong in both cases with my thinking they had made
a bottom not much money but some ; in spite of the
fact they both went down from the time I bought them
my catching UP days and legging into the trades gave me
enough advantage to over come their price drops.
Heck I started with WCOM at 47..and still made money !
Legging in on Up momentum is over half the trick with
covered calls but it can take one a little time to get
the feel of it.. don't rush things just quietly wait
until the mo mo flag is to the upside even if it's only
a dead cat bounce.
---------------
Jim
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