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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (10967)6/6/1999 12:49:00 PM
From: Jerry Olson  Read Replies (2) of 14162
 
Hi Herm..

it's been a very long time since we last spoke...heck i think Steve was still posting then...??? right??? hope your well...

i normally do not write CC...however the prem's are so large in the internet stocks..as eviedenced by me buying them so often<g>..i thought i would write some and grab those large bucks...

my question is when do you normally want to write??? i'm a student of Point & Figure charting ala Tom Dorsey..it's been a real GODsend for me...a simple yet very effective tool for TA....i can SEE supports and resistances with P&F better than ever before...

i have a large dollar investment in 2 stocks CMGI & PCLN...i'd be very ineterested in your thoughts when you have time as to what a good CC would entail, using month to month type trades...rather than longer term approaches for profits..i'd like more income on the investment..not fearing if i get taken out of the underlying...

i also own CS at a cost basis of 13 bucks...a turnaround type stock, with a story too...earnings coming out on the 15th...so i'm thinking of waiting for the expected runnup toward that date, and then writing some July CC's....or...maybe a quick hit for June too<g>...

my regards to you, Jerry
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