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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 (6272)	1/1/1998 8:34:00 PM
From: Roger Louis	Read Replies (1) \| Respond to of 14162

Happy New Year Herm & All... Last month I bought 300 CLST @ 28 and wrote the Jan 25 @ 5. The stock fell and I bought 200 @ 20 to average down and lower my nut to 21.85. Now if I close my position on the 3 Jan 25 it will raise my nut to 22.43. The stock has bounced off the lower bollinger band and the RSI is around 30. CLST is also recommended by Value Line Option Survey and has a strong buy from First Call. Of course it had all of these good things when I bought it at 28. CLST is now 19.87. Parity for Jan is at 20. Any suggestions Herm & All? Thanks Roger

To: Herm who wrote (6272)	1/2/1998 4:22:00 PM
From: Electric	Read Replies (3) \| Respond to of 14162

Herm, I currently write covered calls on a few lower priced stocks and have done quite well. My current writes are VVUS and ZITL, where I made about 15-20% so far. I am looking for sites where I can get generated lists for covered calls and not have to pay a great deal to do so, and have it be somewhat professional. DO you or anyone else have sites that you like to visit? I am new to this chain, but use SI alot and it looks like you have a nice thread here.. Electric