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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 (8466)9/2/1998 1:00:00 PM
From: CCWriter  Read Replies (1) of 14162
 
Herm,

You say:

>1. W - When the price is peaking (price touches upper BB and high >RSI) and on the verge of (W)ITHDRAWING:
>a. Sell CCs at or in the money! (Bread and Butter)
>b. Buy cheap PUTs and/or short the stock! (sideshow)
>c. Cash in long calls! (sideshow)

Wouldn't it be appropriate to add sell the stock. This is the perfect time to get out of the stock if you want to move on to some other company or if you wish to play the "buy low - sell high strategy".

CCWriter
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