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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: rocket man who wrote (7970)7/27/1998 6:47:00 PM
From: Herm  Read Replies (4) of 14162
 
Sell covered calls to generate the extra income using the BB and RSI as your gauge of when to write and/or cover. By the way, could you write CCs against cash instead of the stock? That way, you could sell the stock at peak the RSI and BB tags, write the CCs against cash and follow the stock down and jump back into the stock when it bottoms in RSI and lower BB? It's in a IRA so no tax event is triggered.

Let us know what you find out!
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