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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: B4TheBell who wrote (6194)	12/19/1997 8:28:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Just as long as the readers understand that high % premies mean higher volatility. Don't take on a CC position just for a premie alone! Know what you are doing before you get on the CC workhorse! Wade Cook does a good job of hyping the profit protential and NEVER TELLS YOU that stocks do go down and you need to unload those CCs and double dip when ever possible! Of course, if you are using this forum's stock repair strategies in your CCing, you will survive the game! Not to mention, buying into a new stock can sometimes turn on you the very same day! How many times have I heard, "I was just waiting for higher prices" and the stock turned on me! That is why I like the "Sneaky Pete" approach to entering a position. You can run a search throught the text for the postings I discussed the three types of approaches for CCing.