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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 (9117)11/21/1998 7:22:00 PM
From: Bob Smith  Read Replies (5) of 14162
 
Herm,

I always struggle with writing CC's when a stock hit's it upper BB & RSI (60-70+).

Although you keep a premium from the call. The stock sells off for 1+ points and you breakeven or worse....unless you keep averging down.

I would prefer selling CC's (out of the money) and selling puts when a stock is at it's lower BB & RSI. I may get called out...but I think that might be a better strategy.

Any comments? Do you know of stocks that might fit this profile? I thought GLM might be a good candidate?

Thank you
Bob
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