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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: Greg Higgins who wrote (6552)	1/25/1998 11:18:00 PM
From: Douglas Webb	Read Replies (1) \| Respond to of 14162

Thanks to Jing Wang, I've modified the spreadsheet again. Jing pointed out that the 'Gain on Long calls' column should include the full cost of the long calls, rather than the entry cost of the position. This caused the total gain to be overstated. Check out the new file at webbindustries.com Greg, have you checked this spreadsheet yet? I'd really like to get the final word on it's correctness from an expert. Thanks. Doug.

To: Greg Higgins who wrote (6552)	1/25/1998 11:40:00 PM
From: William G. Murray	Read Replies (1) \| Respond to of 14162

Greg, It appears that the short put is naked. Is this correct? Do brokers make special accomadations for this type of strategy or will my account need to be approved for naked option writing? Thank you sir. B.M.

To: Greg Higgins who wrote (6552)	1/26/1998 12:04:00 AM
From: HF	Read Replies (2) \| Respond to of 14162

Thanks Greg. I print off a lot of your posts and 6108 is a good one. I like selling puts to start the best. I have read the Leaps book and really like it. I also like your Diagonals on Leaps strategy. I have had more success with these than covered calls. I do them a little different than you do. I usually buy the long leaps one or two strike prices in the money to increase the leverage. My mistakes have been not buying protective puts, which I will always do in the future. HF