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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (11627)	10/5/1999 5:44:00 PM
From: Dan Duchardt	Read Replies (3) \| Respond to of 14162

Herm, ROST is indeed coming into the range we hoped for. I sold half my Oct20s to lock in sure profits yesterday (+17/32), which had been my intention when I bought them prior to the split. A little more patience would have been rewarded, but the sure profit and reduced exposure has raised my comfort level for holding the remaining half to exercise (or outright sell if ROST goes up too fast). Watching ROST intraday is a bit nervewracking, as it tends to pull back a lot after every run. It almost made $23 today, then pulled back almost to $22 before an end of day rally that will give the chart readers a nicer picture to look at as ROST settled above its 200 day MA for the first time in a couple of months. I was surprised to see the options getting a bit behind at times during the recent runs. There were stretches when you could actually have bought the OCT20s at less than intrinsic value, but then of course you might have regretted it later. I covered all my IFMX Jan10s, picking up an average of 5/16. I've gotta tip my hat to Mike T for nailing this one with those Oct7_1/2s. Guess I was a bit too optimistic about the market in general over the past month, but I'm sure glad I at least wrote something that raised a bit of cash to buffer my paper loss. Hopefully there will soon be a chance to write a new round with IFMX back up around $9 or $10. I wrote some Oct10s on ABTE for 1/4 a few days back. I see little chance of ABTE making 10 by next Friday, and if I do get called out I'll have a nice profit anyway. After expiration I may be looking a bit further out. ABTE had a late day surge, probably driven by news of a new financing agreement. Dan

To: Herm who wrote (11627)	10/5/1999 7:39:00 PM
From: Bob Martin	Read Replies (1) \| Respond to of 14162

Herm (and other threaders), I have been lurking here for a while, and reading up on the various techniques employed. I've been doing some simple CCing, very conservative, and have been looking for some tools to help me hone my skills. I recently downloaded the slide show, and have a question. The slide show recommends iqc.com for BB/RSI charts, but the slide show also recommends setting it up for 50-day Exponential MA and 2-1/2 Standard deviations on the BBs, but I don't see anyplace in iqc charts to configure these values. Can anybody help me find these values, or recommend another (free) site? Thanks for the help, Bob