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: Tom K. who wrote (7740)	6/24/1998 7:48:00 AM
From: Herm	of 14162

Hello Tom, You should never do something that you are not comfortable with. A moderately aggressive CCer (that closely follows the charts) would CC a few months out and at a lower strike price in the money. Reason? The extra large premies will sit in your account and make your stomach feel a whole lot better. Eventually, you would have to cover when the stock bottoms at a nice discount. The large premies you collect provide the resources to buy PUTs to turbocharge your profits. I will be coming out with some information on reading open interest levels to better gauge the direction of a stock price. It was very interesting reading.

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