HISTORY OF PROFITS WITH COVERED CALLS Message Board

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Strategies & Market Trends : HISTORY OF PROFITS WITH COVERED CALLS

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To: ROB who wrote (2)	11/17/1997 10:30:00 PM
From: Shanstar	Read Replies (1) of 11

Rob No,I don't just buy based solely on the premium. I use Power Options in two different ways. One way is to look for the hightest returns for called and not called. Then I take all those ticker symbols (usually between 25-50 different companys) and do some quick research on Yahoo Quotes. I look for good daily volume, upward movement in the stock, what kind of news is out on the company, 52-week range, earnings per share and P/E. Usually with a quick scan I can narrow my choices to less than 10. Then I do more research and try to pick the best company. Another way is to select price ranges of stocks like 5-7, 8-9, 11-12. Then I can buy the stock on weakness, let it ride up to or beyond the strike price and then write the call. That one worked on ADAX in October. I got a 17.8% return in two weeks. I was happy with that. Check out the demo at poweropt.com and tell me what you think. Just remember that the returns they give are not on margin. So just double them if you are trading on margin. Shanstar

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