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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: jim clabaugh who wrote (4862)9/18/1997 5:34:00 PM
From: Herm   of 14162
 
The TRO will give you an exact idea of the rate of turnover of shares. The more shares that trade hands (up/down) the more price movements in less time (days, weeks, etc.) So, if your stock TRO goes from a 50 days to 31 days, something is taking place. Take VVUS for example. It can turn on a dime up or dime and go through 100% of the float in two weeks time. We saw the 6+ point rise in two days. It can explode. Knowing that, we all could avoid setting a strike price to low by accident when we are close to an event like earnings report. We only started using TRO about a month ago. That's when I caught wind of this measurement. We are learning all the time. SCOP is the same way. At least you have managed to lower your net cost basis. In other words, make some money even when the stock is going down. Check out the short interest on SCOP and the TRO. You still could come out ahead. The SCOP charts are interesting. It seems the price run ups occur more when the RSI is in between 70 and 30 and touching the lower Bollinger Band. That is exactly where SCOP is at this point. So, you might see the stock start to reverse and come alive. Also, the stock is selling a 4% P/E discount. Strange, the earnings report has been good and no other news.
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