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: RCVJr who wrote (5876)	11/15/1997 7:15:00 PM
From: Herm	Read Replies (1) of 14162

Well, TECD held up fairly well considering the heavy tech stock dump. TECD moved to the previous support level which was about -8 points. The RSI is reading 53 and is climbing again. You should see a nice rebound to the previous levels. ROST is moving just about to the pre-split price of $48.00 Doing very well indeed. Every month ROST increases same store sales and they are only now rolling into the buying season. What a company!!! A CC work horse that just keep racking up premies every month. ROST RSI is about 67 and tends to move much higher in RSI before profit taking and the pull back. You know the game plan. Write those CC at the money when that RSI peaks and wait for the pull back before covering. Hey, add some spice to your life and grab a few PUTs and turbo charge the down cycle for extra premies.

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