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: Hunt who wrote (4262)	8/31/1997 10:10:00 PM
From: Herm	of 14162

Hi Randy Hunt, I get to use Doug's programming masterpiece. CREAF came up as a middle of the road price mover. The rate of turnover (ROT) came to 59.64% per month and it takes about 36.33 days to trade the entire float. webbindustries.com WOWWWWW! CREAF is trading REAL CHEAP at a 54% discount relative to it's 8.3 P/E in the industry group! Can you believe that? 8.3 is a joke or something. I did not think anything was still that cheap! Well, Randy may have introduced the September Kahuna folks! Currently, the Bollinger Bands indicate a SWEET SPOT trader's bounce off the lower Bollinger Bands set at the 20-day exponential moving average. I'm getting excited Randy! This stock has not been near it's 50-day MA and ALWAYS BOUNCES of it's 20-day moving average! The stock just made a high of $25.25 late July and has made two attempts to break through the overhead resistance point at $23.00. No doubt, CREAF will be trying again starting this week. It's time to jump in CREAF for a ride up. I have used Creative Industries products and they are excellent! Latest news! bud.stocksmart.com:8810/ss-news/CX557345.html Option Action! The CREAF options are resonable and there is plenty of liquidity for us CC cowboys. Check out the Sept 22 1/2 @ 7/16s last and an open interest of 1,057 contracts. Makes my mouth water! Nice PUT open interest also. The short interest for August was 448,046 shares compared to July's 458,132 or -10,086 (-2%) with an average of 1,459,383 shares traded daily. This is a very playable stock with medium risk. Nice! The stock has not split since 1994. There is plenty of upside with such a low P/E.

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