Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (6469)	1/16/1998 7:42:00 PM
From: Jpres	Read Replies (3) \| Respond to of 14162

Thread Being new to selling covered calls, what could happen and when would I know if I am going to be called out. Sold January 25 calls stock closed today at 24 any chance of being called out??? TIA and good trading to all!! John

To: Herm who wrote (6469)	1/17/1998 1:20:00 AM
From: Douglas Webb	Read Replies (2) \| Respond to of 14162

I've added an improved trading history tracking routine to my charts page, and plugged in a very basic trading method. Here's the description: Basic Trading Method This method assumes that you make all your trades at the opening price the day after a new bar is formed. Trading begins after the first color change on the chart. (After the first trend reversal signal.) You maintain two accounts; one for selling short, and one for buying long. When a white bar is formed, you cover your shorts at the opening, and you buy 1000 shares long. When a black bar is formed, you sell your long shares at the opening, and you sell 1000 shares short. That's the entire method. It requires checking the chart each night, and placing market orders if a new bar is formed. webbindustries.com Doug.