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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: Douglas Webb who wrote (7269)	4/13/1998 2:19:00 PM
From: tuck	Read Replies (1) \| Respond to of 14162

Doug, There are several sources for options quotes (my favorite being discoverbrokerage.com). Couldn't you have your program try one for a certain period of time, and, if the called server isn't responding, switch to another? This would save users the aggravation of having to do it manually, and it seems like it would be an easy routine to encode. Anyhow, excellent work! Regards, Tuck

To: Douglas Webb who wrote (7269)	4/13/1998 4:42:00 PM
From: Herm	Respond to of 14162

Looks good Doug! Thanks for your effort. CREAF has been really choppy the last three weeks. I hope you getting in some CCs under these conditions. ROST seems to have topped off finally. Here is a funny (buy true)story. My friend was singing the blues back in December when ASND took a noise dive. He held onto his ASND like I advised and to work the CCs defensively while he waits for a rebound. He had 1,000 shares at $28 and following my suggestion to write CCs and doubled down (1,000 more shares) at $22 to bring his average share price to $25. ASND is now almost at $40 and he has over $5,000 under his belt from CC premies in addition to his $30,000 profit in the stock price. You know, he called me up recently to complain about how much taxes he will have to pay in 1997. It seems he managed crank out $9,000 short term gain from the premies from October to December in his $50,000 portfolio. He even complained about the 8 1/2% annual margin interest. He just started writing CCs in October. Mind you, he never made a profit in the stock market before. What a jerk!