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: Deep IntheMoney who wrote (8500)	9/9/1998 8:38:00 AM
From: Herm	Read Replies (3) of 14162

Real nice kahuna! Those $250 down strokes with $1,000 profit trades are always nice to have coming in. XIRC was another of Vigil's super hits! I tell you we have some serious experience and heavy hitters lurking on this forum. We will add you name to the Bear Hunter's Club list. Keep earning and sharing your good fortune. Taking a look at the technical charts leads me to believe TKLC which we previously shorted has bounced off the lower BB and is building up RSI. TKLC now around $20.00 appears to by cycling back up to the $25 range from here. It may be a good sideshow for OCT. cheap CALLs! Ditto for TLAB after being hammered so bad for the last month. TLAB has bounced and is at the $43 level. Should be an easy $50 before the first overhead resistance and a fast sideshow for OCT. cheap CALLs! LHSG was mentioned this morning on CNBC as the highest one day recovery yesterday with a 20% gain. The gain was attributed to a severe short squeeze and should be on every momentum trader's list today and tomorrow. Hence, there should be some strong follow thru today and tomorrow and LHSG should reach that $65 plus level and perhaps a new 52-week high before reversing on profit taking. I'm watching for that LHSG peak to load up on another round of cheap PUTs when that happens. Wishing you all "the best of good buys!"

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