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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 (9501)1/19/1999 9:51:00 PM
From: Short A. Few  Read Replies (1) of 14162
 
Herm, next time calls I am short get way into the money - I plan to sell the underlying stock and take the profit. Just before I do this, I will open a bear call spread by purchasing a strike or two out of the money. I will do this using the BBs and RSI as you have taught, only where this is propitious - that is, if the stock is at the upper BB and the RSI has peaked. If the stock goes down, I will have preserved most of the gain up to where I sell it. If I am wrong and the stock continues upward, I loose the difference between the strikes at the maximum.

Have you tried this already? Comments?

Thanks,
Short

ps nice work on RMBS!! as usual

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