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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 (6511)1/20/1998 8:10:00 PM
From: rkf  Read Replies (1) | Respond to of 14162
 
Herm, I'm taking a more conservative CC approach for '98.
I was called out of DELL Saturday and rolled into block shares
of MAVK and CREAF. I immediately wrote 100% contracts (left
no shares free) of the April $22.5's for MAVK and the April
$20's for CREAF. My average return - if called out - is about
21%, if not called out its about 15% - or 5-7%/month. This
approach won't make me rich overnight, but it makes sense.
Kent



To: Herm who wrote (6511)1/21/1998 7:42:00 PM
From: Spots  Read Replies (2) | Respond to of 14162
 
VVUS Bollinger bands close together also mean low volatility, which
translates to low preemies. Typically, though, this is a
precursor to rapidly expanding volatility. I hope today's
move (up nearly 2) indicates the direction of the volatile
movement! I'm looking for a ride here into CC ozone. But I'm
damn well not neglecting protective puts on the downside (ouch!).