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 (6636)	2/2/1998 9:17:00 PM
From: jtig	Read Replies (1) of 14162

Herm, Please check my thinking..... I've been watching the charts on both VVUS and CREAF and feel that it is getting dangerously close to ccing time. If I remember correctly.... when the stock price reaches the upper bb and the RSI is near or above 70, this is a signal to consider writing cc --- 2 months out and at or 1 strike price above the stock price. Both stocks are experiencing some resitance at current levels. I'm looking at VVUS March 15 for 1 3/4 and CREAF March 20 for 2. My nut on VVUS is 27ish and CREAF is 25ish. Stockwizard VVUS - near upper BB RSI 84ish CREAF - near upper BB RSI 65ish IQ net VVUS RSI at 82 CREAF RSI at 52 Thanks in advance. John Tignor

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