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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 (9036)11/14/1998 4:32:00 PM
From: Cesare J Marini  Read Replies (1) of 14162
 
Herm,

SUNW was a text book W.I.N.S. upper BB tag and reversal this week
with confirming RSI dive. Personally, if I owned SUNW I would have
sold CCs for the 50JAN01 LEAPs @ 27 3/8s.


What kind of strategy would you follow in deciding when to cover a long-term LEAP position like this one?

Thanks,
Joe
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