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: BenThair who wrote (929)	3/14/1997 8:47:00 AM
From: Herman J. Matos	of 14162

Hi E.T, , Get defensive in your position. As soon as you see ROSS STORES up volume climb, write your covered calls for the April 27 1/2 Calls. That will lower your net cost basis below that 27.5 strike price and put some good bucks in your account pronto. Then, you may consider the April 25 PUTS for back up insurance and extra profit since you will be able to get more than you paid for them when you ping pong the stock. ROSS STORES will be hit with profit taking within the first week! It will be at it's all time high!

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