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: Herm who wrote (9068)	11/17/1998 10:33:00 AM
From: Vegas	Read Replies (1) of 14162

Hi Herm & All, I am not much of a TA person! I have been trading CC for about 6 months. I always seem to miss my timing, selling a CC and have the stock go up 20% the next week. I have been reading lots of your past posts and think I have it some what figured out (enough to be dangerous anyway) I would like you opion on my reasoning. In reguards to TDFX: bigcharts.com I see it tagged the upper BB last week (Friday) at a recent high of $16.50ish and the RSI topped out at 70. Probably should have CC'ed then but I was waiting for news on monday cause I felt sufficent news could propel the stock to a new high. I'm not sure where the FA on a news driven stock fits in to the picture. Today we are just below last weeks peak a moving up slightly. Would the proper technique be to wait until it tags the upper BB again or write the CC now at a slightly lower point? Is there a method to determine if a new high could be made? Thanks in Advance, JF

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