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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 (8250)8/19/1998 9:50:00 PM
From: KB  Read Replies (1) of 14162
 
I'm reposting this since I didn't see any replies to my original message.

Herm and list,

I've lurked here since day 1, but never really done live CCing.
Now that I'm ready to try it for real, I'm not sure about my
judgment. I would appreciate some input from the list. I'm
looking to CC Kmart (KM).

Nice earnings report, but no kick from it and also not
really participating so far in the current rally. I also don't see any news coming out soon which would affect it. Vectorvest
shows as overvalued. It looks as if it might soon start it's
downward trend with volume starting to dry up and price
staying level. However, it is still in the middle of BB and RS
indicator does not look negative to me. So, has it peaked or
is it just pausing before resuming an uptrend? I think the
time is right to write ITM call now and load up on the cheap
puts.

Is it too early to make a decision on KM given the BB/RS
readings? What are your thoughts?

Always learning,
KB
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