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: CCWriter who wrote (8013)	7/31/1998 11:48:00 AM
From: Herm	Read Replies (3) of 14162

Hi Blaine, Forgive me! I don't recall what your situation is. CPQ has reversed (is there some good news or what?) and it sure looks like it will hit $35 soon before it moves downward to the lower BB. That lower BB is slanted upward and the upper BB is almost level. The suggested rules are: 1. Write CCs when price tags upper BB and RSI is up. 2. Cover when price tags lower BB and RSI is down. 3. Buy PUTs to gain from a pull backs off the peaks. 4. Buy CALLs off the bottom on reversals. Now, if you are holding CCs and you have enough time until expiration then ride it out. If you are trying to buy more, hold off. Did I miss anything?

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