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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: Tom K. who wrote (8133)	8/8/1998 11:13:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Thanks for sharing that information Tom! Well, at least we finally have convinced our forum readers that you can write CCs against LEAPs. I learned that myself this year from Steve. The commissions for both transactions are peanuts compared to the profits that can be realized CCing with LEAPs as opposed to actually owning the stocks and CCing. That is, if people understand our W.I.N. approach and us it as their timing mechanism and dump the LEAPs half way past the remaining life of the LEAPs. You need a fresh CC LEAP horse to maintain the extra edge! After all, LEAPs are options and can bite you pocket book if you don't counter move during downward cycles as declared by the BB and RSI signals or an unexpected news item out of left field. Do you have any LEAP prospects? As a side note! Every remembers the Carnival Cruise Line fire out of the Port of Miami and how the stock took a tumble? Here is the chart which looks very good for the two cruise companies. Classic BB and RSI cycles! bigcharts.com bigcharts.com