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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 (4888)	9/19/1997 6:01:00 PM
From: Philip B. Reitano	of 14162

Jim, You don't have to do them at the same time. Today I put a limit order to buy the Oct 30p for 1. It never got that low, but when I looked at my order status it shows filled at 1. Anything is possible. and when it pulls back, then I'll sell the upstrike puts. I didn't get assigned ROST today, it stayed above 35. The np I sold on SLR, Sept45 will get assigned. I sold them for 3 1/2 and now will sell cc on them. My np positions aren't done the day I mention them or I will put in a limit with a pull back in mind. Today I put a limit of 8 1/2 for the Oct 40p. I expect some run-up to earnings. I need a pull back first. You'll never go broke taking a profit. <G> Phil

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