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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 (9876)3/11/1999 11:21:00 PM
From: Kmartin  Read Replies (1) of 14162
 
Herm, I have a question regarding your response 9876.

I am in a position SDTI I have written a July 15 at 8 1/8 my nut is at 10.38. You wrote "Yes, the BB narrowed quit a bit and with the RSI low an upward gap is usually the case." SDTI bands have narrowed a lot and RSI is low but not near its lows where it has turned before. I am waiting for the tag on the lower BB and the RSI below 30. With this chart showing some support around 16.50 should I cover and and try writing something new (based on the gap up statement) or should I continue to wait for the tag. Which, if either is the stronger case. Also, is the series of higher lows in the RSI significant.

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