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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: JimsJeeps who wrote (8622)	9/19/1998 12:33:00 PM
From: Herm	Read Replies (4) \| Respond to of 14162

Howdy Jim, Yeah, I sold my a bit early this time with BTGC. Oh well, I can't sit around all day watch the stock market. BTGC is showing signs of tapering on the RSI which is high and the price is rolling off to the right. BTGC is about to <W>ithdraw Writing at the money CCs and additional OCT 7 1/2s PUTs as sideshow may be profitable if BTGC follows the normal trading pattern. I think it will! Selling out a few months will bring in nice premie dollars. I personally would rather grab the premies and load up on PUTs. If the stock gaps up I load up on cheap BTGC calls. I would not cover my CCs at a lost. My net cost basis is less than the exercise price! I would buy BTGC calls and make money that way compared to the traditional methods of covering and rolling up strike prices for CCs. askresearch.com CPQ - SIDEWAYS It may be worth waiting a week on CPQ.