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: David Wright who wrote (10393)	4/16/1999 7:12:00 PM
From: NateC	Read Replies (1) of 14162

Steve has a neat stepped into strangle strategy that you might like. I have been using it to step into protective puts as the stock prices move up. I usually place orders for both the CC and the insurance put at the same time. As soon as I get some declines, I will start stepping into upside protection calls. It would be nice to be able to place those at, or near the covered call strike price. His criteria was to pay 1/8 to 5/8 for his stranglers. David....I thought that Steve's strategy was to buy the stock...then wait for either strength or weakness.....buying the protective put on strength, and the upstrike call on weakness.....I don't see how you can get those prices otherwise...can you elaborate a bit more??

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