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: mc who wrote (13060)	7/21/2000 6:13:19 PM
From: mc	Read Replies (2) of 14162

Well, didn't get the pullback in HLYW I was waiting for. It has been very strong over the last week. Fortunately EFII dipped today to below 25. That was my target for adding to my position so I'll be rolling my money from being called out of HLYW into EFII. The RSI has been moving up slowly - around 40 now; bollinger bands are narrowing; there's a gap to fill from around 29 - 34 from when they were killed due to, what I think will be, an isolated poor earnings report. ONE is on a tear based on increased expectations after the announcement of the restructuring plan by Dimon. ONE has been a CC workhorse for me while providing dividends at the same time. As predicted in earlier posts the did cut the dividend in half so that might eat a bit into my strategy. I was planning on adding to the position on pullbacks, but, now I think I'll stick with building my position in EFII. Hope everyone is taking advantage of all this market volatility to rack up those CC premies. Take care all, mc

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