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: Dan Duchardt who wrote (10186)	4/1/1999 10:51:00 AM
From: Herm	Read Replies (3) of 14162

Hi Dan, What you are looking for goes beyond the focus of this forum on covered call writing, repairs, and leverage using the premies from the CCs generated. The options factors you are asking about is Delta. That is, how much will the option price move relative to the stock's price move. Delta changes daily and you need special real-time software to capture that information. I suggest you check out the OptionVue real-time software at optionvue.com which allows real-time trades at their online brokerage accounts using their software. McMillan was asked to critique the software recently. They do give a 30 day free demo of the software and cost around $1,000 the last time I looked at it. Sounds like a great deal of money. But, in the options business that is cheap. And, if you are trying to do it as a daytrader to earn your living then you have no choice. You need the tools of the trade! OptionVue will give you every possible spread combination, profit potential, probability of trade, and much, much more. It will seek out the plays of the day! Generally, I hate any options with less than 500 contracts. That is a warning sign. Let us know what you decide and find out Dan! Good luck!

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