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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 (8570)	9/15/1998 11:30:00 AM
From: mc	Read Replies (1) \| Respond to of 14162

Herm, what settings are you using on TNSI for RSI and BB? With the RSI at a period of 14 it is at 70+ and rising. The BBs with period 9 and std 2 show the price still pushing up the upper band. I guess my question is, why didn't you all weight for the train to stop before you tried to get on? Wouldn't you normally wait for a reversal in the RSI and a bounce down from the upper BB before entering the put positions? Thanks, Gary

To: Herm who wrote (8570)	9/15/1998 2:59:00 PM
From: Joe Waynick	Read Replies (1) \| Respond to of 14162

Herm, I would like to ask for your opinion. Looks like I got on the wrong side of LDG the other day and bought at the high of $39. I was trying to scalp for a point. Well at the moment, it's down to $36.625 and heading lower in a weak market. (I looked at the BB/RSI and didn't listen, I should have paid attention)! So I sold 15 Oct 40 calls today at 1 7/8, and purchased 15 Oct 30 puts at 11/16. Do you think that's sufficient or should I have used more of my call buyers money to load up on more cheap puts? Thanks for your response.