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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 (9607)2/8/1999 2:42:00 PM
From: Scott  Read Replies (2) of 14162
 
If you look at the 5 year chart for S, you'll see support at 40, and a trading range of 40-60. If 40 doesn't hold, then it could slide down to the low 20s, which is where it was 5 years ago. But, it looks like it's worth a shot here, so I picked some up. I'm not going to CC it while it's at the bottom of its 3 year trading range. I'll wait until it rises a bit, or stop out if it falls.

quote.yahoo.com
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