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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: virgil vancleave who wrote (13548)	1/30/2001 6:23:44 PM
From: Herm	Read Replies (2) \| Respond to of 14162

Hey Virgil, I remember you called the last three major bear downturns right before each of them. Hummm? I guess I will start to look at some target shorts. Let's take a look at some indexes. Russell 1000 Index ($RUI) stockcharts.com[L,A]DALLYYMY[DF][PD20,2!C20][VC60][IUB14] RSI is getting up there almost 60. Possible correction? VIX Index ($VIX) stockcharts.com[L,A]DALLYYMY[DF][PD20,2!C20][VC60][IUB14!LG!LF] This sucker is getting lower into the -20 range which has been a trigger for some pretty good market dumps and the IRA money is fueling the current good times. S&P 500 Large Cap Index ($SPX) stockcharts.com[L,A]DALLYYMY[DF][PD20,2!C20][VC60][I] Sure does reinforce your eval of a downward bias. NYSE Composite Index ($NYA) stockcharts.com[L,A]DALLYYMY[DF][PD20,2!C20][VC60][ILB14] Again Virgil! HAMMER TIME soon! Here are some potential bear LEAPs PUTs and PUTs Spreads. ======================================================= HON: $45.8000 Buy LEAP PUT WADMJ @ $9.3750: $937.5 Jan02 $50.000 PUT Sell PUT HONUI @ $5.0000: $500.0 Sep $45.000 PUT Net Cost for Leap: $437.5 (53.33%) GM: $54.2500 Buy LEAP PUT WGMMK @ $8.7500: $875 Jan02 $55.000 PUT Sell PUT GMUJ @ $4.4375: $443.75 Sep $50.000 PUT Net Cost for Leap: $431.25 (50.72%) BA: $56.4600 Buy LEAP PUT WBOML @ $8.8750: $887.5 Jan02 $60.000 PUT Sell PUT BATK @ $5.0000: $500 Aug $55.000 PUT Net Cost for Leap: $387.5 (56.34%) ===========================================================