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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 (7113)	3/19/1998 5:18:00 PM
From: Fli-by	Respond to of 14162

Herm, Good advice...Thanks.. Fli-by

To: Herm who wrote (7113)	3/19/1998 6:28:00 PM
From: Douglas Webb	Respond to of 14162

My brother was watching Wade's rolling stock recommendations on his website. (Wade posts several-month-old copies of the 'opportunity alerts' he sends his subscribers.) The people who subscribe to this service don't have to worry about riding a stock up and down 30 points. On the contrary, most of Wade's recommended rolling stocks roll by about 1/2 point, on a $30 stock! Even these only 'roll' once or twice, based on their histories before and after the recommendation. They also seemed to take over a month to complete a roll. So, do the math: 1.7% gain every 6 weeks or so. To make the profit worthwhile, you need to ride at least 1000 shares, which will cost you $30,000. You'll make about $4300/year, or 14%. If you can't afford that big an investment (Wade's supposed target audience can't) you'd lose pretty much all your profits to commissions. Doug.

To: Herm who wrote (7113)	3/19/1998 8:27:00 PM
From: Ali Husain	Read Replies (1) \| Respond to of 14162

Hi Herm, This is the first I am posting to your thread. I have been an investor for 8 years and traded mostly HiTech and Hiflyer stocks. I started trading options couple of years back and got burned few times. As they say that over 70% of people buying options lose money. It just occured to mee few weeks ago that I should be one of the other 70% of people that make money SELLING these options. I have studied Technical Analysis, just enough of fundamentals and currently I am learning options specially covered calls. I agree with your comments on Wade Cook seminars. I have learned about it many times and I read his book as well as been to his recruitment seminar. I don't doubt the amount of money he claims he has made but I think 90% of it is through his seminars. I realize most of my own techniques are very similar to his (I learned and developed my techniques by reading a dozen books. $500 investment in books not $5000 on his seminar). I think I can contribute to this thread by posting some of my findings and may be suggesting some stocks with decent returns. By the way I own JBIL that took a 5 points dip after earnings. I sold Mar45C and pocketed the money before the earnings and now I will keep on selling covered calls until I cover my loss and make some money. Sorry for the long message I just wanted to introduce myself and hope to exchange some ideas. Please advise if you recommend a web site that provides delta factor on stocks. Thanks, Ali Husain