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: B. Anderson who wrote (553)	3/8/1997 4:27:00 PM
From: Herman J. Matos	of 14162

Good suggestion! Most of the questions lately have been personal situations usually with mounting loses. So, I guess I'm the last ditch effort to dig out of the hole. We have been successful in starting to turn things around towards the positive. Eventually, those individuals want to concentrate their efforts writing covered calls using our methods and approach. I outlined most of the thought process in the beginning. I could go back and cut and paste the process OVER AND OVER as each situation unfolds. That should not be that involved. I have never done a forum like this before, so, I'm not quite sure what works and what does not. I guess feedback like yours will help guide me. I'm thinking if the mechanics are written down and repeat themselves, then it may be possible to continue to add other stocks to ROSS STORES to start to build a "covered call portfolio." My feeling is that a good portfolio should not be weighted in any one single industry group. And, that the number of shares in that portfolio should be a min. of 300 shares of each stock. What needs to be introduced is the covered call writing dynamics of feeding your portfolio growth by balancing the resources, how to repair stocks when they hit price drops, and how to utilize the premies and margin to leverage when it's really an advantage. You can see in past posting that we have covered and explained many of the steps. On the one hand, if you are too specific some people may not be able to apply elsewhere. On the other hand, if you are too general people miss the idea and they get out of step with the process. The hard work is that fact that I do all those things with my own portfolio which is made up of four stocks at this time. ROSS STORES was my latest purchase when I started this idea. What I may have to do is to flush out my portfolio one stock at a time, find the right stock, and introduce that stock into this forum. That way, I'm not working overtime on unrelated stocks and this forum. MY money comes first you know! I believe my reward (and anyone else following us) will be having all of us to provide opinions which will make it more profitable and educational. That would be a worth while effort.

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