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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: profile_14 who wrote (2561)	3/2/2005 11:24:47 PM
From: Bob V	Read Replies (1) \| Respond to of 13449

Profile. What I'm looking for is historic info like a 5 minute daily chart. With stocks like DHI or TSRA that fluctuate in price $1.50 to $2.00 during the day I was wondering how the options moved. When a stock has moved up nicely during the day you hate to sell in case it goes higher. I was wondering if it would be wise to sell a covered call at this point. Then if the stock backs off you could close the position and have a little something to show for it. If the stock continues up and you get called at least you have made a profit on the stock sale and on the options. Sounds too simple. What is the downside? What am I missing?