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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 (7113)3/19/1998 8:27:00 PM
From: Ali Husain  Read Replies (1) of 14162
 
Hi Herm,
This is the first I am posting to your thread. I have been an investor for 8 years and traded mostly HiTech and Hiflyer stocks. I started trading options couple of years back and got burned few times. As they say that over 70% of people buying options lose money. It just occured to mee few weeks ago that I should be one of the other 70% of people that make money SELLING these options. I have studied Technical Analysis, just enough of fundamentals and currently I am learning options specially covered calls.
I agree with your comments on Wade Cook seminars. I have learned about it many times and I read his book as well as been to his recruitment seminar. I don't doubt the amount of money he claims he has made but I think 90% of it is through his seminars. I realize most of my own techniques are very similar to his (I learned and developed my techniques by reading a dozen books. $500 investment in books not $5000 on his seminar).
I think I can contribute to this thread by posting some of my findings and may be suggesting some stocks with decent returns. By the way I own JBIL that took a 5 points dip after earnings. I sold Mar45C and pocketed the money before the earnings and now I will keep on selling covered calls until I cover my loss and make some money.
Sorry for the long message I just wanted to introduce myself and hope to exchange some ideas.
Please advise if you recommend a web site that provides delta factor on stocks.

Thanks,

Ali Husain
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