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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: Cesare J Marini who wrote (7750)6/24/1998 4:28:00 PM
From: Herm  Read Replies (4) | Respond to of 14162
 
CSCO has been real strong all year long with some violent occasional drops on profit taking. The new 52-week high makes those CSCO PUTs real cheap. A nice five point CSCO pull back might bring in a little kahuna for your troubles. The earnings report is due out in the first week in August. You may see the MMs heading for the hills around that time! Watch that RSI and PUT open interest for clues of build up for the fast retreat.

Notice that the RSI is rarely pegged at 75+.
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