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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: rocket man who wrote (7970)	7/27/1998 6:47:00 PM
From: Herm	Read Replies (4) \| Respond to of 14162

Sell covered calls to generate the extra income using the BB and RSI as your gauge of when to write and/or cover. By the way, could you write CCs against cash instead of the stock? That way, you could sell the stock at peak the RSI and BB tags, write the CCs against cash and follow the stock down and jump back into the stock when it bottoms in RSI and lower BB? It's in a IRA so no tax event is triggered. Let us know what you find out!

To: rocket man who wrote (7970)	7/27/1998 7:15:00 PM
From: VincentTH	Read Replies (1) \| Respond to of 14162

rocket man, Change your broker. Inside an IRA, you should be able to buy protected put, as long as you own the stock and get approved for Option level 2. //V

To: rocket man who wrote (7970)	7/28/1998 12:26:00 PM
From: NHBob	Read Replies (1) \| Respond to of 14162

Rocket- If you're serious about wanting to use IRA funds, especially for potentially high-return investments, I posted the following which may be of interest: Message 4970706 There are charatans out there (surprise!), but also qualified, responsible practitioners who have for decades structured clearly IRS-compliant vehicles to accomplish your interest. Usually they also embrace asset protection and estate planning and the best ones are not pedling insurance or other products. Downside? There's the complexity of additional entities (Nevada Corps, Trusts, etc) plus cost of some legals and expert structuring. Upside? Reduced current tax liability, ability to really beef up IRA balance with few limitations on investment vehicle(s), and better asset protection and lawsuit protection. (I dont do these deals, I'm just know its worked for me in both commercial real estate spec and trading, and stock options.)