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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 (5752)	11/4/1997 12:31:00 AM
From: Richard Halberstein	Read Replies (1) \| Respond to of 14162

Looking for help on when to write my next round of ccs on ROST. Am currently holding a thousand shares. Have lowered my nut to 18.5. Sold the Nov 35's a week and a half ago for 2 5/8, bought them back a week later for 2, am noticing that it's starting to bounce off the upper BB. Am concerned that if I sell the 40's I'm going to have to roll them out and raise my nut. Should I sit tight? At this point it's all gravy so I'm not too concerned. I just really don't want to get called out. Hate to give that much back in cap gains. Suddenly ROST is becoming a long term hold. Go figure. What a performer you picked, Herm. Rich