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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: Tony B who wrote (7706)	6/19/1998 1:28:00 PM
From: Herm	Read Replies (3) \| Respond to of 14162

Tony, If you plan to stay long with CPQ then cover today! I would roll right into another round of CCs at the money two months out. The stock is moving sideways and RSI is not going through the roof. CPQ is stalled on the 200-day and 50-day moving average area. It would take a real blast of good news to move CPQ from here. Another possibility? Allow yourself to be called out and move into a bunch of CPQ LEAPs for yourself in the 20s Jan 00 @ 11 1/2 and start a round of CCs with the CPQ OCT 30s @ 3 1/4! You should be able to double your rate of return with the CPQ LEAPs easy!