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: Slava Chechik who wrote (7554)	6/5/1998 1:56:00 PM
From: Herm	Read Replies (1) of 14162

Hello Slava, Welcome to our forum. TJX is starting to look a little pricey! NYSE: (TJX : $50 3/4) $8,170 million Market Cap at June 5, 1998 Ranks 197th in the Fortune 500 on Revenue & 214th on Profit. Employs 54,000. Trades at a 4% Premium PE Multiple of 23.0 X, vs. the 22.2 X average multiple at which the Apparel SubIndustry is priced The chart indicates a peaking out of the RSI indicator while the price is still trying to move up. My guess? The stock needs great news to pump it up or profit taking will set in! I would be buying TJX PUTs to be on the safe side. CCers can write in the money CCs to protect their downside. bigcharts.com Insiders (CEOs) trading has been reported. In March and April several CEOs have exercised their rights and purchased shares at $11.00 to $13.00. I would sure be tempted to cash out now at a new price high of $50.00. Would you? So, I would sure load up on cheap PUTs to cash in on this baby! The next news event is the earnings release around August 13, 1998. the apparel industry is doing fairly well at this time. I think the news has been already be added and factored into the stock price. Set the charts on weekly price for the last three years. You will see that TJX stock price is flat for the months of June/July. Factor in that 2:1 split last year and alot of profit is out there. In many cases, over 100% appreciation in a very short time! Something has to give! bigcharts.com As far as open interest. I like to see a few hundred shares (250+) out of the money and a thousand (1,000+) or more in or at the money strike price of the stock.

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