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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: Herm who wrote (5568)	10/23/1997 12:13:00 AM
From: mc	Read Replies (1) \| Respond to of 14162

Herm, You're probably tired of hearing this by now, but, I've been reading your thread for months and you guys are great. I recently got into Vivus during the big decline last week. Fortunately I picked the bottom and not the 35 range. However, not being as disciplined technically as some of you, I chose to write the options immediately to provide some downside protection. I was able to cover them today on the pullback and am now long stock with no calls outstanding. My questions regard your technical indicators. How long of a moving average do you use and how many days do you use to calculate the standard deviation when calculating your bollinger bands? Also, how many days data go into your RSI computation? And last, do you wait for a for the stock to signal a turnaround (ie come back to between the bollinger bands) before you consider it to be a top or bottom, or do you assume outside the BB and an RSI of 70 is due to reverse? Thanks for the help and let's hope we get a nice Vivus bounce to write some more calls. Gary P.S. For those that didn't see the WSJ article, it was great, but, unfortunately it was in the California regional section, so it did not get national exposure (and boy could we have used some today).