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: yaumi who wrote (8911)	11/1/1998 10:30:00 PM
From: Herm	Read Replies (3) of 14162

You know yaumi, using the BB and RSI as a timing mechanism is more like an art rather than a science. I believe is was Joe W. on this forum that used that expression. It fits well. So, if you are early you still don't go home a loser in the market. Worse case, you don't grab 1/4 to 1/2 on top of what you have in CC premies. If you are happy with the premie payout % then go for it. I often say, "a bird in the hand, is worth two in the bush." Remember, you are trying to hold the largest CC buyer's premie you can grab as the stock goes thru normal correcting. That is your downside hedge.

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