FREEBIES - Come and Get Em!
Our friend Shane and company have been tweeking their freebie web site
at coveredcalls.com. Other than Shane's site, I don't know
of any other web site that gives you a snapshot of ALL the highest
CCs premies over 10% for FREE.
The critical word is SNAPSHOT! You still have to assess the risk vs.
rewards for each of the stocks. But, coveredcalls.com does provide a
hot link for charting right within the table data. They advocate
using BB and RSI to further narrow down the selection. Bravo!!!!
Sounds like the WINs approach at it's best. :-)
CCing The TechStocks?
Shane's added a useful new table for tech stocks to the mix bag
highest % premie hit list. coveredcalls.com
Moreover, they now have the DOW stocks in table form. Wow! Check out
how low the % premies for the DOW stocks compared to the more rock n
roll techstocks. In addition, you can add your stock of interest in
the dialog by filling out your raw data. That sure makes it easier
for someone to answer a question with all the right information to
base the advice. I can use one of those myself.
data:http://www.coveredcalls.com/MyData.htm
As Time Goes By!
Shane must be as crazy like me to be doing what we each do for more
than two years for the public for no pay. Although, he does market a
covered call calculator which you can download the demo version.
Hummm, they have some programming skills?
coveredcalls.com
Let The Creative Juices Flow
I like the pioneering spirit exhibited at coveredcalls.com.
And, there is room for more collaboration on the internet. Thus, I
have accepted Shane's invitation to join in and write a small column
(The WINS Corner) within his newly created and evolving free
newsletter. I had visions in the back of my mind to someday do a news
email thing in addition to this forum. So, perhaps this is an
opportunity to get some of that experience with Shane and company. I
have never attempted it. And, I have a desire to do more cutting edge
things than the type of boring newsletters I have read in my life
time. Picture charts, streaming sound narratives, dynamic push/pull
Excel web queries, etc. So join the list at listbot.com
CC Quick PLAY
courtesy of coveredcalls.com;
askresearch.com
In the high volume arena. CD looks stable at current levels!
The chart indicates a narrowing of the upper and lower BB. Possible
pending upward gapper. Stocastics just turning positive! Money Flow
index very positive and OBV is sky high.
Over 1,500 contracts of the 20s July 99 @ 1.625 (8.13%) traded the
other day bringing the total open interest to 4,045. The WINs
approach here would be to buy the stock or the LEAPs and wait for the
take off before CCing!
CC LEAP (spread) Play
The CD stock is currently trading at $20. The LEAPs 7 1/2s Jan '01
(ZUBAS) @ $13.5 is a good one. So, your strike of $7.5 + $13.5 = $21
LEAP breakeven. CCing (spread) the $22.5s AUG. @ 2 after a upward
price move should not be difficult. That's a return of 12.5% by AUG
if not called and the stock stays at its current price and 26% if called out.
INSIDER TRADING LEAD
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