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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (7771)	11/30/2000 9:04:50 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 10876

See how the RSI looks stronger than the price chart? stockcharts.com[L,A]DBOANYMY[DE][PF][VC60][ILB14]

To: Poet who wrote (7771)	11/30/2000 11:52:38 PM
From: robwin	Read Replies (1) \| Respond to of 10876

Hi Poet, I find that I am developing some bad habits writing calls...while I usually am pretty good at picking a good day to write calls (when the stock is strong), I can't resist the urge to micromanage it during the period before expiry...i usually just write the front-money option, get some really nice premiums but i can't leave well enough alone...I end up writing and re-writing a couple of times a month (lately because the stock drops on me)...I capture a fair degree of the premium when i recover but when I add up what i earn in a particular month by doing more frequent rewrites i rarely find that i made more than simply writing once and letting it the option expire worthless...is this a common affliction? P.S. I do think I can actually keep writing against my TXN stock all the way down to 0.00 cost base at the rate this market is going, I just don't want to get caught on the wrong side of a write when this mythical rally everybody thinks will happen does materialize (I personally don't see it, but then what do i know)...