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: hpeace who wrote (600)	3/10/1997 8:29:00 PM
From: Herman J. Matos	of 14162

It was a real roller coaster ride today. That fact that ROST came back 1 3/4 off the lows was impressive. I going to jump in the April 25s Calls now! If it goes up from here, I'll buy more calls. If it looks like it's going south, I will let the call buyer eat it and I will buy the puts to soften the landing. I'm in and committed until the next earnings report. I don't like to jump around stocks. I just strap on and ride the stock up, down and sideways and keep lowering my net cost basis in the process. Eventually, when I've had enough fun, excitement and cash, in go the chips for the next stock! Think of it! Have you ever heard of a stock splitting and going down in price for long? The majority of stocks return back to the original pre-split price within a year. That's a 100% return without covered calls each and every month.

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