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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: jjs_ynot who wrote (12892)	6/4/2000 2:30:00 PM
From: Casaubon	Read Replies (2) \| Respond to of 14162

For the most part, I have found that stocks which run contrary to my entry point should probably be sold rather quickly rather than entering a long drawn out repair strategy. JMO. So, my contribution to the thread you are thinking would be: If a stock moves against you fairly quickly, you probably timed the entry poorly and should accept the defeat, take the loss, and consider another stock until the time is right for your original selection. I don't mean to say that I time everything perfectly, I certainly do not. I just think it might be more beneficial to take the loss and find a better investment vehicle. A recent example where this happened to me was in CTAL. I was wrong on my entry, took the loss and moved on. This is especially true in stocks which have a thinly traded options market becuase the spread will eat up most of your profit anyway. The best way to maximize your profits in a call writing stategy is to be called out everytime you do the write.

To: jjs_ynot who wrote (12892)	6/5/2000 10:06:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Hello Dave, Do you think that there is enough interest to have a discussion in this area? To clarify what you mean by "in this area." Yes, to both meanings that came to my mind. This forum has always tried to be educational and informative for the benefit of all that lurk and contribute. On the topic of repair strategies for stocks and option positions. Sure, you can start here if you like and move on later if you like with your own forum. Mind you! It does take a great deal of work moderating a forum. That is why I would encourage you to speak your mind here. When can you start?