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: tuck who wrote (9940)	3/14/1999 5:54:00 PM
From: Herm	Read Replies (1) of 14162

PAIR will most likely climb up to $12 -$13 level before profit taking and overhead price resistance. At that point you can pull the trigger and write CCs. The volume is still there. Avg. being 2.4 million plus and last Friday PAIR traded 3.04 million plus. iqc.com Keep an eye on the PAIR July 10s currently @2 and should approach 3 or more as PAIR moves towards $13.00. The LEAPs look real good! I can see the 7 1/2s JAN00 @4 LEAPs in a spread with the July 10s @ 2 for a cool 50% return before any exercise and another 2 1/2 if called out! $4 1/2 for $4. Wow! That sure beats a poke in the eye with a sharp stick! Hummmm? I may have to take another look at that PAIR LEAP play myself!

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