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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 (9368)1/6/1999 11:25:00 PM
From: virgil vancleave  Read Replies (1) of 14162
 
I can't help but notice the high premiums for puts on some of the high flyers. And, since I am a contrarian, I am looking to the short side more again as I think we a re nearing a short term to intermediate term top. The market internals are starting to fail, although they are still positive. For the strong move today, you would think that advancers outnumbered decliners by a large margin. NOT so, as it was only by a 1.5 to 1 ratio.

So here we go again, while I am still net long, it is once again time to beware of the bear. As we have seen before, it comes fast.

One to watch is dell. It might be worth playing a straddle on it since it is very likely that it will have a substantial move soon.

just my opinion. good luck
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