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Technology Stocks : TECD - Tech Data
TECD 144.900.0%Jun 30 5:00 PM EST
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To: Baggins who wrote (82)2/9/1997 5:25:00 PM
From: Herman J. Matos   of 584
 
Hi Baggins,

Good move on your part to pick up some income with those sideways moving stocks. You can go deep at or in the money and get away with it!

I remember when I use to check my portfolio only to find that two stocks went up in value, three went down, and one went sideways. The next day the same thing would happen only the mix was different. End result! You watched the time go by with no real overall growth or price appreciation.

Sure, here and there I would score a hit with a quick 30% up and then nothing!
Those days are long gone for me! I expect 25% return per month and I'm getting that kind of action with covered call writing. The more you do it, the better you become in making profit out of dogs! It's like being a black jack dealer in a casino. No it's better! I get to see your cards before I hand them to you!

I use Dial Data for my stock and option data feeds. I'm paying $49.95 per month for unlimited service. I don't know if the option charting will help you as much as you think. You would not be moving in and out of stocks if you are getting involved with covered call writing.

The stock charting service is a great tool. I view mine every other day just for kicks. Once I'm in my positions I'm not that concern with minor fluctuations. On the other hand, if the stock drops by say 3 points I start to focus on the possibility to cover and rewrite another call for more money. Two hits per month is not uncommand. Further, when you do that you always keep you head above water and in a profitable position.
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