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

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To: the options strategist who wrote (9148)11/23/1998 5:53:00 PM
From: Herm  Read Replies (1) of 14162
 
Well Jen,

BTGC does not sell LEAPs! The only recent LEAPs I remember is talking about was IFMX which I sold 5 CCs for the 5 JAN01 @ 3 1/4 and are currently around 2 7/8s x 3. I plan to check them out when I get to SF. IFMX is in Mendlo Park which I will be there on Sunday and Monday. My host has an office there!

Now about BTGC. BTGC is approaching that lower BB and the RSI is below 50 right now! Once it makes that lower BB tag it should reverse. If anything, you want to buy it cheaper and ride it up!

The lower BB has been increasing and is still slanted right upward. So, it appears the $6.25 to $6.50 may be the bottom for this cycle.
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