How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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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 (9660)	2/19/1999 11:33:00 AM
From: phillip	Read Replies (2) of 14162

Herm, I have enjoyed your posts and respect your overall knowledge. I have written calls and sold puts for several years now and feel that I know my way around. I do all my trades via Dreyfus Brokerage ($15 per trade). I have been CCing on the Oil Service stocks the last year or so and have been staying ahead of the decline in the sector with selling calls and puts. I am looking at several additions right now and wanted your opinion. I know the sector is risky and the charts look bad, but at some point they will turn around. Specifically, I am looking at FGI (Friede Goldman) under 11 and VTS (Veritas) here at 10 1/4 and writing the August 10 at 2 3/4 on VTS. Thanks for your help!

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