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: jim clabaugh who wrote (5147)	10/2/1997 4:39:00 PM
From: Herm	of 14162

Jim, Since so much damage (and dollar loss) has occured you are in a position where you will have to wait it out until the price of the stock reaches your net cost basis. You could shorten that time span by dollar cost averaging down. Of course, that would mean you picking up more shares at the current lower price ranges. Then you would be in a better position to write CC sooner and thus earn some premies. You can save a person when they first go into shock, ie stock repairs, bringing them back from the dead is a much harder act! Now, when your stock do start to reverse you could write a CC and use the money to buy a call in order to generate some additional income. That would create a debit situation. Hang in there Jim!

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