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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: robwin who wrote (12821)5/28/2000 6:46:00 PM
From: James F. Hopkins  Read Replies (1) of 14162
 
Robwin; Well there is no hard fast rule to unwinding a
position prior to ex-date. You do get some "time premium"
for the time you have sold the calls..and you leave the
balance on the table. But all that aside the general rule
is still timing the exit and legging out on up momentum,
and there are also exceptions to taht.
It takes some practice and you can count on missing a lot
of the timing moves before you get the hang of it, but if
you miss more than half it's likely your rushing things to much, I've done it a lot and I still miss a few.
--------------
Another thing is to "chart the options" I always chart options to see which strike and were the major volume
was traded..it's hard to explain but not all strikes
act alike , and the same strike can act different at
different times ( even though the stock price does the same sort of move ) in other words "demand" for some strike
may be a lot more at times when everything else looks equal
or it might be a lot less..the supply/demand does not always
coincides with the stock moves and every strike can have
"it's own little subset of traders.." the traders and
demand are what I "try" to figure out.
"chart the options" and do it enough and you'll find the charts will talk to you..
Jim

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