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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Johndee who wrote (8957)11/7/1998 11:17:00 AM
From: Herm  Read Replies (2) of 14162
 
Well Jon,

You turned your lemon into lemonade and locked in a profit. That $18
dollar mark will cause some resistance and XYLN seems to have quite
a few long sideway movements in the past. So, you CCs are insurance
policies. To wait from July to now without income is a bummer. You
can appreciate what defensive W.I.N.S CCing can do for you during
ongoing drops. It sure can take the bite off that paper lost. Your
recover point is shorten considerably giving you more peace of mind
and confidence to think straight.

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