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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Victoria Walley who wrote (3511)	3/14/2002 10:13:51 PM
From: Dominick	Read Replies (1) of 5205

Victoria Walley: -I think TDW has the ability to go back to $50 if crude prices continue to rise (I think they will) You could very well be right. But looking at the weekly chart, I got a feeling It could go down to 36-37-ish and meet support. So buying it at $40 and writing a July 40 C for $3.50 would protect me down to the support area. Even though I would make about 9%, that's tying my money up for 4 months or about 2% per month. My goal is at least 3% per month. The choice would be either, do the above or wait until it drops to the support area and position for the rebound and mean while do some monthly writes for 3%. I hate these decisions, Dominick

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