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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: Dave who wrote (11981)	12/2/1999 10:40:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Hi Dave, Dippity Do! I have not used that in ages. Yes, you did it perfectly and saved your beacon in the process. Feels good! Looking at the weekly profile I see a downward to sideways bias for now. Good question Dave! To answer your question, covering an existing CC when the stock is going to reverse takes precedence over holding onto the remaining residue value of the CCs. Don't allow the stock to turn on you. As long as your net cost value is below the current stock price, you are ahead of the game and have more room. TYC siliconinvestor.com