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: Herm who wrote (6272)	1/1/1998 8:34:00 PM
From: Roger Louis	Read Replies (1) of 14162

Happy New Year Herm & All... Last month I bought 300 CLST @ 28 and wrote the Jan 25 @ 5. The stock fell and I bought 200 @ 20 to average down and lower my nut to 21.85. Now if I close my position on the 3 Jan 25 it will raise my nut to 22.43. The stock has bounced off the lower bollinger band and the RSI is around 30. CLST is also recommended by Value Line Option Survey and has a strong buy from First Call. Of course it had all of these good things when I bought it at 28. CLST is now 19.87. Parity for Jan is at 20. Any suggestions Herm & All? Thanks Roger

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