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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 (7553)6/4/1998 9:50:00 PM
From: Slava Chechik  Read Replies (1) | Respond to of 14162
 
Herm, I'm new to the thread. I'm started reading your
real case study about ROST.
Looks like history repeats itself now in case of TJX.
What is your opinion about it?
Another question I have is about option daily volume.
TJX options (calls) today had only a few contracts traded:
JUN 45 4 1/2 +7/8 3 5/8 8 TJXFI T J X
JUN 50 1 1/8 +7/16 11/16 13 TJXFJ T J X
JUL 45 5 1/4 +7/8 4 3/8 12 TJXGI T J X
JUL 50 2 1/4 +1/2 1 3/4 42 TJXGJ T J X
JUL 55 5/8 0 5/8 10 TJXGK T J X
OCT 45 6 5/8 +1/4 6 3/8 3 TJXJI T J X
OCT 50 5 +1 1/4 3 3/4 1 TJXJJ T J X
OCT 55 2 7/8 +5/16 2 9/16 5 TJXJK T J X
Is it sufficient volume to get involved? If not,
what is reasonable daily options volume to do CC writing?
Also, if you have a few rules of thumb for CC writing,
please share them.
I will paper trade TJX for now.
Regards, Slava Chechik



To: Herm who wrote (7553)6/5/1998 2:43:00 PM
From: Braddoe  Read Replies (1) | Respond to of 14162
 
Thanks Herm for the info, I'll take a look at your suggestion. You seem to have an answer for all questions!

Brad