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: Michael Hart who wrote (9898)	3/9/1999 8:41:00 PM
From: Herm	Read Replies (3) of 14162

XLK - A Technology Index That Trades Like A Stock! WOW! I'm excited about this news. A new trading tool is coming to town tomorrow! The TECHNOLOGY SELECT SECTOR (XLK) will represent the S&P Depository Receipt for the technology companies only. A neat new creative way for the average Joe and folks like us to be able to buy shares of the technology index and even trade options and write covered calls. The current price of the index is $38/share. Want to own the S&P Techs without the risk of a Yahoo dump? Well, this baby may fit the bill for alot of IRAs, Tax Shelters, and the little guy. XLK has long term LEAPs my friends and plenty of strike prices with one dollar increments! Now, that is real nice for splitting hairs when rolling up or down! Yes, friends! CALLs and PUTs to apply WINs all year long. It does not matter if the tech sector is going up, down, or sideways. You can short it with CCs or short against the box! This may be the start of something new and something for mutual funds 7,000+ so call fund managers to worry about. They will be able to take the clerk at Kmart and make them mutual fund managers. I can just see a Merrill Lynch "broker" suggesting XLK and have the nerve to charge a $150 commission trade for "their expert advice." Considering, that 80% of all mutual fund managers can't beat a no brainer S&P Index, it makes you wonder why anybody will need mutual funds if more index are created in affordable prices! Power to the online investors! What a country! iqc.com Check out the beginning charting for the XLK! Seems to work just fine using the BB and RSI! Option Chains:http://cboe.pcquote.com/cgi-bin/cboeopt.exe?ticker=xlk&ALL=1

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