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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Herman J. Matos who wrote (627)3/11/1997 11:31:00 AM
From: Greg Jung   of 14162
 
Herman, 1st I have a specific question,

Some posts back you outlined a "repair" strategy and I couldn't
figure how it worked. You said, sell at-money CC then with
those proceeds buy at-money calls. I suppose those you sell are
further out than the ones you buy, so suppose 1$ left over that
might pay commissions and leave some change. If stock is not up
until after options day then you are expose to loss of the upside.

Also I have two mild criticisms:
1. I have trouble following your informational posts because they are so frequent. If you have a few posts that impart a lot of info, I suggest you create http: references to them and maybe have a
"table of contents" posting that can serve as a jump-off point to read what you've said, instead of all the other conversations.

2. A lot of your strategy is based on volatility to the upside,
ie buy calls with proceeds from ROST cc and make more money when stock makes a near-term rise. With all the rise in the market we
may sometime be duie to a market that is substantially long-term sideways at best, and cc time-premiums may only be high for the truly speculative (and risky) issues. Is this addresses in your tutorials
(again which I suggest you organize to be accessed more easily).

Greg
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