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 (2259)	5/17/1997 12:05:00 AM
From: Bill Kovalick	of 14162

Herm, I've been following your comments on TECD and had a question for you based on your bullish outlook for the stock. Assuming TECD does spike up to above $30, how would you play it ? Would you sell the stock, take the profit and run ? Or would you sell the in-the-money calls expecting the price to pull back on profit taking (and then perhaps buy back the calls and sell more)? It seems likely to me that it will pull back if it gets as high as the mid-30's so one needs a way to capture those profits. I recently bailed on Keane (KEA) after riding it from $30 to $40 and then watched it continue climbing to $53. It reached my target but in retrospect, I wish I had played it a little differently (I know, hindsight's 20/20). Anyway, I was just curious how you plan to work TECD. -Bill

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