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 (7739)	6/23/1998 9:42:00 PM
From: Tom K.	Read Replies (2) of 14162

<<I own 700 shares of BTGC and I have been waiting to average down and eventually CC the additional shares>> Herm, I think that is important for all of us to observe that when we have a stock that is heading toward the lower band, we really can't CC it easily (unless we go way out), and hence we have to wait for a turnabout which may never come. That waiting means dropping portfolio value and no CC premiums. I've learned that if my strategy is CCing, then I can't emphasize enough how important the underlying is. Then again, a strategy that attempts to play the volatility of the underlying with both buys and writes bouncing off the bands with RSI as a confirm can be quite profitable, but brings a whole set of other risks (and stomach churns) as well. I appreciate your sharing. Thanks. Tom

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