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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 (8016)7/31/1998 11:13:00 PM
From: Russ B  Read Replies (1) of 14162
 
Herm:

Could you take a look at FORE for me?

I originally bought 400 shares @ 24, sold last months calls @ 1 9/16
and bought them back @ 3/8.

My adjusted nut is 23.03. I should have sold the August 25 calls when
the stock was at 27, bought puts and by now could have again covered
those calls but I didn't.

What worries me now is that the stock has closed below the 50 day
moving average. It is hitting the lower BB....do you see any
indication that it may move lower?
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