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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 (8706)	9/28/1998 8:37:00 PM
From: JimsJeeps	Read Replies (1) of 14162

Hi Herm......It is about time for TNSI. Those October 17 1/2 puts I have are still pretty well submerged, but maybe by weeks end.... Noticed a spike in volume at the end of last week. Is that considered a clue to the change in the trend? A LESSON LEARNED. I had a nice profit on some SMOD 12 1/2 puts on August 31 when the market did the big dive. I already had cashed in 2 bear traps for some big kahunas and decided to hold the SMOD a bit longer. I went against what I already planned as an exit and let my emotions and greed get in the way. Now I am poised for a pretty good loss unless it takes a dive in the next few days. My lessoned learned is to stay with your strategy, if it is time to exit, take the profit and move on. Even with the loss I may take on this and TNSI, I am still batting .600 with the profits far outweighing the losses! WINS does work if applied and treated like a business. Good Trades to all....Jim

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